Sony Publishing to Acquire Recognition Music in Billion-Plus Dollar Deal, Including Songs by Fleetwood Mac, Beyonce, Lady Gaga
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As expected, Sony Music Publishing has announced an agreement to acquire the complete music rights portfolio of Recognition Music Group from funds managed by Blackstone, subject to customary closing conditions. Terms of the deal were not announced, but sources and Billboard have valued the catalog in the $2 billion range, although estimates vary widely. The deal will see Sony Music Publishing acquiring Recognition’s entire catalog of works, which includes shares in more than 45,000 songs, among
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