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Warner Music Group buys Tempo Music Investments for $450M, growing its song catalog.
Warner Music Group has acquired a controlling stake in Tempo Music Investments for about $450 million, expanding its music rights portfolio which includes songs by artists like Adele, Wiz Khalifa, and Bruno Mars.
Providence Equity Partners, Tempo’s founder, will remain a minority investor.
This move aligns with a trend among major music companies to acquire more music rights.
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Warner Music Group compra Tempo Music Investments por $450M, creciendo su catálogo de canciones.