Warner Music Group and Bain Capital to form a joint venture.

Warner Music Group, the global music entertainment company, and Bain Capital, a private equity firm, agreed to form a joint venture to allow for the purchase of up to $1.2bn of legendary music catalogs across both recorded music and music publishing. “Iconic artists and songwriters choose WMG to grow their legacies and introduce their art to new generations through impactful and innovative campaigns. Augmenting our deep expertise and global infrastructure with Bain Capital’s financial prowess and belief in music will make us the destination of choice for preeminent catalogs,” Robert Kyncl, Warner Music Group CEO.