(Jan 29): Sony Music Group and Singapore’s GIC Pte Ltd sovereign wealth fund are forming a joint venture to acquire music copyrights, with plans to invest US$2 billion (RM7.86 billion) to US$3 billion in the project. Universal Music Group NV announced a similar deal with Dundee Partners in early 2024, while Warner Music Group Corp set up a partnership with Bain Capital last year. “Partnering with GIC brings together long-term capital and Sony Music Group’s operational capabilities to acquire and manage premier catalogues, creating new opportunities for artists’ and songwriters’ music globally,” Kevin Kelleher, Sony Music’s chief operating officer, said in the statement. Sony has been buying high-profile music catalogues, often with third-party financing. Sony owns the second-largest record label group and is the largest music publisher in the world.

Source: The Edge Markets January 29, 2026 02:04 UTC