Bruce Springsteen did it, now John Legend. A little over two weeks after spending a reported $50 million on the catalog of ZZ Top, BMG and KKR have officially acquired the song rights of John Legend.
Outlets including the LA Times have reported on this latest high-profile music-IP deal, which was reportedly finalized back in September. However, BMG and KKR (which partnered to jointly invest in catalogs last March) hadn’t formally announced the play at the time of this piece’s publishing, nor had 43-year-old John Legend addressed the transaction on social media. More insite from DigitalMusicNews.com.