Industry Sep 19, 2026
Apollo invests $1.25B in BMG subsidiary behind legacy Concord bonds, taking a minority stake
Apollo-managed funds and affiliates have acquired what Apollo describes as a "noncontrolling interest" in a subsidiary of BMG that holds the legacy Concord asset-backed securities, backed by a catalog
Originally published by
Music Business Worldwide
Apollo has acquired a minority, noncontrolling stake in a BMG subsidiary through its managed funds and affiliates. This subsidiary holds legacy Concord asset-backed securities, which are backed by a catalog exceeding one million songs.