Atlantic American Corporation shares rise 6.75% after-hours following Warner Music Group's strategic ventures and acquisitions.

Atlantic American Corporation rose 6.75% in after-hours trading, with Warner Music Group (WMG) and Bain Capital launching a joint venture to purchase up to $1.2 billion of legendary music catalogs. This strategic partnership will provide artists and songwriters with opportunities to preserve and expand the reach of their catalogs, ensuring their legacies are well cared for. WMG and Bain Capital will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution, and administration.