John Legend sells music catalog to KKR and BMG: Bloomberg

Music performer/songwriter John Legend has sold his music catalog to KKR and BMG, reported Bloomberg.

Music performer/songwriter John Legend has sold his music catalog to KKR and BMG, reported Bloomberg. The news outlet noted that both KKR and BMG have each acquired a 50 percent stake in the catalog. No financial terms were disclosed. This deal follows a spate of similar deals in which a number of popular recording artists that include Bob Dylan, Stevie Nicks and Neil Young, have sold their music catalogs to private equity firms.

Source: Bloomberg