{"id":99153,"date":"2021-01-19T18:31:42","date_gmt":"2021-01-19T18:31:42","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&#038;p=99153"},"modified":"2021-01-19T18:31:42","modified_gmt":"2021-01-19T18:31:42","slug":"kkr","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/kkr\/","title":{"rendered":"KKR"},"content":{"rendered":"<p><b>KKR &amp; Co. Inc.<\/b>\u00a0(formerly known as\u00a0<b>Kohlberg Kravis Roberts &amp; Co) is a financial investment giant based in New York.<\/b><\/p>\n<p>Its music interests have included a 51% stake in BMG, which it acquired in 2009.<\/p>\n<p>KKR sold that stake <a href=\"https:\/\/www.reuters.com\/article\/us-bertelsmann-bmg\/bertelsmann-buys-kkrs-stake-in-music-rights-group-bmg-idUSBRE9200AO20130301?edition-redirect=uk\" target=\"_blank\" rel=\"noopener\">to Bertelsmann \u2013 making Bertelsmann BMG&#8217;s 100% owner<\/a> \u2013 in 2013\u00a0for approximately $1bn.<\/p>\n<p>In 2020, KKR<a href=\"https:\/\/www.musicbusinessworldwide.com\/kkr-leads-48m-round-into-artlist-a-royalty-free-rival-to-epidemic-sound\/\" target=\"_blank\" rel=\"noopener\"> joined a $48m round<\/a>\u00a0in royalty-free music and content platform \u2013 and Epidemic Sound rival \u2013 Artlist.<\/p>\n<p>And in Q1 2021, KKR announced that it had <a href=\"https:\/\/www.musicbusinessworldwide.com\/kkr-buys-majority-stake-in-ryan-tedder-catalog-marking-investment-giants-return-to-music-rights-ownership\/\" target=\"_blank\" rel=\"noopener\">acquired a majority stake<\/a> in a music catalog created by three-time Grammy winner Ryan Tedder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KKR sold a 51% stake in BMG in 2013, and acquired a Ryan Tedder catalog in 2021<\/p>\n","protected":false},"featured_media":99154,"parent":0,"menu_order":0,"template":"","class_list":["post-99153","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/99153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/99153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/99154"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=99153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}