The Weeknd is negotiating one of the biggest music catalog deal ever

[Teletubby 149,961]

The Weeknd is in talks to raise about $1 billion of financing backed by some of his music rights.

According to Bloomberg, the New York private equity firm, Lyric Capital Group, is negotiating a landmark deal with the Blinding Lights hitmaker, which would see the artist free up funds while keeping ownership of his music with his stake in his publishing rights and master recordings used as collateral.

New York-based private equity firm Lyric Capital Group is in discussions with the singer and has reached out to other investors to line up $1 billion of financing, said some of the people. The proposed deal structure with Lyric reportedly includes $500 million in senior debt, $250 million in junior debt, and $250 million in equity.

Chord Music Partners currently owns a 50% stake in The Weeknd‘s music publishing rights. Chord operates under a consortium that includes Universal Music Group and Dundee Partners, the investment vehicle of the Hendel family.

If a deal materializes, it would be one of the biggest catalog-backed music rights transactions. source source

[elsamars 1,049]

He is the best male MPG, the others are so boring. 

[Rahrahbitchson 20,000]

9 minutes ago, elsamars said:

He is the best male MPG, the others are so boring. 

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[Guillaume Hamon 6,517]

2 hours ago, elsamars said:

He is the best male MPG, the others are so boring. 

Not Bruno.