On December 12, 2023, the Financial Times reported ? citing sources familiar with the matter ? that private equity group KKR & Co.

Inc. (NYSE:KKR) hired bankers to evaluate the possible sale of its music assets after interest from potential buyers. KKR owns a catalogue of some 65,000 songs ? including tunes by The Weeknd and Stevie Nicks ?

which it bought from Kobalt Capital in October 2021 for $1.1 billion. Back then, thanks to historically low-interest rates, valuations on music royalties-based assets stood at multi-year highs.