Abel Tesfaye, known as The Weeknd, is reportedly in advanced discussions with major financial institutions, led by New York-based private equity firm Lyric Capital Group, to raise about $1 billion in assets-backed financing, according to Bloomberg.
The proposed deal structure includes $500m of senior debt, $250m of junior debt, and $250m of equity, said Bloomberg, citing people familiar with the matter. The Weeknd's stake in music ...

Spotify and Sony Music Group have extended and expanded their long-standing, global licensing partnership, focused on "delivering continued growth and innovation in music streaming that provides greater value for artists, songwriters and consumers worldwide." Details of the agreement were not disclosed.
The deal includes the repertoires from Sony Music Entertainment and Sony Music Publishing, both of which have entered into multiyear agreements with Spotify. Spotify’s agreement with Sony Music P...

BMG has acquired the recorded music catalogue of Country music artist and songwriter Jason Aldean in a deal that also include interests in the recorded catalogues and publishing rights of a music collection from "a cross-section" of 23 artists and songwriters.
The agreement, which is described as "BMG’s single largest catalogue acquisition investment," includes over 1,000 songs across multiple genres. Terms of the deal were not disclosed but Bloomberg estimates that it is in the $250 million ran...