Financial firm Blackstone has signed a definitive agreement to buy eOne Music from Hasbro for $385 million, the companies announced Monday (April 26).
According to a press release from Hasbro, its entire music operation, including its music operation in Canada, will be acquired by Blackstone controlled entities. Blackstone has nearly $650 billion in assets under management through a variety of investment vehicles, including SESAC music operations which includes the Harry Fox Agency. eOne Music will be a separate stand-alone operation, according to the announcement, helmed by its current global president
Chris Taylor, “who will focus on building a creator-first music brand with global scale and expertise.”
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