BMG and KKR Acquire Music Interests of Rock Musicians ZZ Top.

MANews-(C)2009-2021

Germany based record label and music publisher BMG has partnered with US-based investment firm KKR to acquire the entire music interests of music icons ZZ Top, the company said.

Terms of the transaction were not disclosed.

The transaction marks the latest significant music rights deal the two companies have struck together since announcing in March 2021 that they would join forces in the fast-growing market for music IP.

The ZZ Top agreement includes a buyout of the band's publishing catalogue and their income from recorded royalties and performance royalties. Previously, BMG served as co-publisher and administrator of ZZ Top's publishing catalog.

KKR is investing in the catalogue through its private credit investment funds and vehicles and will own its interest in the music through...

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