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Universal Music Group Licenses Catalog to Equinox At-Home Fitness App Variis


Jan. 13, 2021 7:00 am ET
Vivendi SE ’s Universal Music Group has licensed the world’s largest music catalog to Equinox Media LLC’s Variis digital fitness app, allowing users to work out at home to hits by Taylor Swift, Lady Gaga, Ariana Grande, Billie Eilish and the Weeknd.
The agreement comes as the music industry increasingly looks to new partners across social media, videogames and fitness for revenue beyond streaming. The pandemic has accelerated the growth of at-home fitness apps, which have relied on music as a draw to live-streamed and on-demand classes led by remote instructors who have become much like influencers and DJs in their own right. ....

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KKR Buys Into Producer Ryan Tedder's Music Catalog


KKR Buys Into Producer Ryan Tedder’s Music Catalog
Purchase involves copyrights tied to some 500 songs by OneRepublic, Beyonce and other stars
The deal includes certain copyrights and royalty streams for songs written, recorded or produced by Ryan Tedder or his band OneRepublic.
Photo:
Venla Shalin/Redferns/Getty Images
By
Jan. 11, 2021 6:33 am ET
Investment firm KKR & Co. is joining the music-copyright buying frenzy, investing in pop producer Ryan Tedder’s catalog of hits, including songs from Beyoncé, Adele and Stevie Wonder.
The firm is taking a majority stake, valuing the catalog at nearly $200 million, according to people familiar with the transaction. The deal includes a mix of certain copyrights and royalty streams for some 500 songs written, recorded or produced by Mr. Tedder for his band OneRepublic and other artists. ....

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