By Megan Cheah
Singapore's sovereign-wealth fund GIC and Sony Music Group, one of the world's largest record labels, are teaming up to buy music catalog assets, seeking to tap opportunities in the industry as streaming becomes a dominant force.
GIC, which has been investing in the music sector for nearly a decade, will provide capital and investment experience to support Sony Music in identifying, buying and managing potential assets, the companies said Wednesday. Japanese online lender Sony Bank is also participating in the partnership.
People familiar with the matter estimated the investment at "north of $1 billion," describing it as one of the largest in the market.
Sony Music Chief Operating Officer Kevin Kelleher said in a statement the investment partnership will create new opportunities for artists and songwriters globally.
Sony Music, the record arm of Sony Group, has been buying up popular artists' catalogs for some time. It picked up American singer-songwriter Bob Dylan's entire recorded music catalog in 2022, and bought rights to rock singer Bruce Springsteen's music in 2021.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
January 29, 2026 00:30 ET (05:30 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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