Inside KKR's Investments in Music
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Private equity firm KKR has been fascinating to watch in the music rights landscape. Just when you thought they were out, they get pulled back in! In this episode, we break down the past few years of KKR's deals with Chord Music, Kobalt, HarbourView Equity Partners. Why did they sell Chord Music? Why did they partner with HarbourView? What does it say about the broader music rights investing landscape. Listen to me and Anna Nicolaou from the Financial Times break it all down. 00:00 KKR's $500M debt deal with Harborview 07:24 How rising interest rates affect the valuation of music 14:50 KKR vs other players in the industry 22:15 The role of UMG in the music rights landscape 30:25 Predictions on the current bidding wars This episode was brought to you by 4se New York, the sports and entertainment event on May 21-22. Learn more here. Make sure you listen for our Chartmetric stat of the week. Enjoy this podcast? Rate and review the podcast here! ratethispodcast.com/trapital Trapital is home for the business of music, media and culture. Learn more by reading Trapital’s free memo.
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