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Private equity firm KKR & Co will buy a majority stake in Grammy award winning songwriter and producer Ryan Tedder and American pop rock band OneRepublic’s music catalogue that includes hits such as ‘Counting Stars’ and ‘Apologize’.
KKR, with investments in TikTok parent ByteDance and music company BGM, will also have publishing and recorded music rights to the catalogue that has nearly 500 songs, including those co-written with popular acts such as Beyonce, Lady Gaga, Paul McCartney and U2. The catalogue is valued at nearly $200 million, a source with knowledge of the matter said. KKR declined to comment on the deal value.