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The 12 Biggest Music Business Deals of 2024: Queen, Hipgnosis, Michael Jackson, Believe & More
The biggest music deals of 2024 include those involving the Queen and Michael Jackson catalogs as well as companies like Hipgnosis, Believe and more.
BMI’s acquisition by private equity firm New Mountain Capital was a foregone conclusion — Billboard reported the U.S. performing rights organization’s plans to sell last August, and the deal, which didn’t officially close until this year, was agreed upon in November 2023. From a rights holder’s point of view, the movie delivered the intended effect: Bohemian Rhapsody “turbocharged” (in the words of Billboard ’s Ed Christman) Queen’s catalog, lifting it to a new level rather than providing a one-time, short-lived boost. The public-private partnership — which is 74% owned by Dundee Partners, a family office run by Sam Hendel and John Chapman — is being eyed by Warner Music Group as a model for efficient capital management for catalog acquisitions.
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