Sony Moves to Buy Recognition Music's 45,000-Song Catalog

Sony купує каталог Recognition Music на 45 000 пісень

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Sony Music Publishing has agreed to buy Recognition Music Group’s large song catalog from Blackstone, showing how valuable music rights have become.

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Sony Music Publishing has agreed to buy the full Recognition Music from Blackstone, adding more than 45,000 songs to one of the world’s largest businesses. The deal is being made with Sony’s investment partners, including Singapore’s GIC, and is still subject to normal closing conditions. Financial terms were not announced, but several business reports said the catalog could be valued at about $3.5 billion to $4 billion.

Recognition Music grew out of the Hipgnosis music rights business, which Blackstone backed during a period when investors were buying song catalogs as long-term assets. The includes rights connected to major pop and rock writers and songs associated with artists such as Beyoncé, Lady Gaga, Mariah Carey, Leonard Cohen, Journey, and the Red Hot Chili Peppers.

For Sony, the deal is another bet on the value of songs in the streaming age. A catalog can earn money when music is played on streaming services, used in films or advertising, covered by other performers, or for new formats. That makes famous songs attractive to companies that can manage global licensing.

The move also shows how music rights have become a serious investment market. Investors like Blackstone saw catalogs as assets with , while music companies see them as . If the deal closes, Sony will control a deeper library of songs at a time when old hits can find new audiences through streaming, social video, and film placements.

Sony Moves to Buy Recognition Music's 45,000-Song Catalog

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