Warner Music Group and Bain Capital Launch $1.2 Billion Joint Venture to Acquire Iconic Music Catalogs.

Warner Music Group and Bain Capital have launched a $1.2 billion joint venture to acquire iconic music catalogs. The partnership involves equal equity commitments from both companies and will be managed by WMG, while Bain Capital will provide financial resources and asset valuation expertise. Goldman Sachs and Fifth Third Bank are joint lead arrangers for the venture, which aims to preserve and expand the value of music catalogs in the streaming era.