The catalog of nearly 500 songs written, recorded or produced by Tedder encompasses all OneRepublic songs including hits Apologize, Secrets and Counting Stars as well as Tedder s work with artists like Beyoncé, U2, Paul McCartney, Adele, Stevie Wonder, Ed Sheeran, Lady Gaga, Cardi B and Jonas Brothers.
Going forward, KKR will collaborate with Tedder to expand upon the success and reach of his and OneRepublic s music, according to a press release.
Formerly known as Kohlberg Kravis Roberts & Co., KKR has a long history of music industry investments. It teamed with Bertelsmann for the music rights joint venture BMG Rights Management in 2009, controlling 51% until Bertelsmann took full ownership in 2013, and has also invested in music or music-adjacent companies like Gibson Brands, Pioneer DJ gear manufacturer AlphaTheta, TikTok parent ByteDance, Epic Games and Nielsen.
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.
Hollywood: Equity firm bets $200 mn on OneRepublic frontman Ryan Tedder's catalogue gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
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FILE PHOTO: Ryan Tedder of the U.S. band OneRepublic performs during their Native tour in Riga November 12, 2014. REUTERS/Ints Kalnins/File Photo
(Reuters) - 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 catalog 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 catalog that has nearly 500 songs, including those co-written with popular acts such as Beyonce, Lady Gaga, Paul McCartney and U2. (bit.ly/2LGahmm)