2 weeks ago
1
Sony Music volition get the rights to iconic songs from Beyonce, Leonard Cohen and different philharmonic giants from fiscal heavyweight Blackstone, a woody reportedly worthy astir $4 billion.
The acquisition of Blackstone’s London-based Recognition’s catalogue, which features much than 45,000 songs, is portion of Sony’s concern with Singapore concern entity GIC, which announced the woody connected Monday (May 11, 2026).
The Financial Times reported the woody was worthy astir $4 billion, citing a idiosyncratic acquainted with the matter.
Sony and GIC did not instantly respond to an AFP petition for remark astir the worth of the transaction. Recognition declined comment.
The transaction positions Sony for streaming payments for deed songs ranging from Journey’s “Don’t Stop Believin’” and Beyonce’s “Single Ladies (Put A Ring On It)” to Lady Gaga’s “Bad Romance” and Leonard Cohen’s “Hallelujah.”
Recognition, primitively known arsenic Hipgnosis Songs Fund, went nationalist successful 2018 earlier being acquired successful 2024 for $1.6 cardinal by plus manager Blackstone, which gave it its caller name.
The woody “delivers a beardown result for Blackstone and our investors and represents a further ballot of assurance successful euphony rights arsenic an institutionally established plus class,” said Blackstone elder managing manager Qasim Abbas.
Sony Music Chairman Rob Stringer said, “We are truthful arrogant and excited to correspond this unthinkable catalogue of galore of the top songs successful popular past done this momentous acquisition.”
