{"id":40735,"date":"2024-07-26T14:30:20","date_gmt":"2024-07-26T14:30:20","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=40735"},"modified":"2024-07-26T14:30:20","modified_gmt":"2024-07-26T14:30:20","slug":"apollo-invests-700m-in-sony-music","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/07\/26\/apollo-invests-700m-in-sony-music\/","title":{"rendered":"Apollo Invests $700m in Sony Music"},"content":{"rendered":"<p>Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in &#8220;high grade&#8221; alternative assets.<\/p>\n<p>Apollo did not reveal the terms of the deal with Sony, which works with artists such as Lil Nas X and Celine Dion.<\/p>\n<p>Booming demand for alternative investments has boosted the appeal of the music industry as investors look beyond traditional assets such as stocks and bonds, making it a popular asset class for Wall Street firms in recent years.<\/p>\n<p>Heavyweights of the financial world are cashing in on the lucrative streaming rights and cash flows the industry offers.<\/p>\n<p><em>&#8220;This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans,&#8221;<\/em> said Jamshid Ehsani, a partner at Apollo said on Friday.<\/p>\n<p>Apollo had also backed media and entertainment-focused investment firm HarbourView Equity Partners in 2021.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in &#8220;high grade&#8221; alternative assets. Apollo did not reveal the terms of the deal with Sony, which works with artists such as Lil Nas X and Celine Dion. Booming demand for [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":40736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,249],"tags":[],"class_list":["post-40735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/40735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=40735"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/40735\/revisions"}],"predecessor-version":[{"id":40741,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/40735\/revisions\/40741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/40736"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=40735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=40735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=40735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}