KKR Group is reaching an agreement to buy the music rights of two music stars Lorde and The Weeknd for $1.1 billion, the Financial Times reported on October 12.

The investor group will take a majority stake and the family company of Stephen Hendel – a former partner of Goldman Sachs – is finalizing a deal to buy the catalog from music company Kobalt – which holds the rights to performing songs by artists including Paul McCartney, Stevie Nicks… KKR declined to comment, while Kobalt did not respond specifically when asked by Reuters to comment on the music copyright purchase of Lorde and The Weeknd. Sources quoted by Financial Times added that the deal for the song catalog could be announced as soon as this week.

Singer Lorde

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Singer Lorde (25 years old) kicked off her singing career with an EP (extended disc, containing fewer songs than the album) The Love ClubSong of the year. also received a Grammy nomination Royals, which was successful both artistically and commercially, receiving 2 nominations at the 5th Grammy. 56. The single Pure Heroine reached number one on the Billboard Hot 100, New Zealand Top 40 and had an impressive performance on the charts. world class. Lorde was the first New Zealand solo artist to reach number one in the US. After the first EP, she released her debut album Royals was released in November 2012. Her first single

The Weeknd received the 2020 MTV Award for Video of the Year

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The Weeknd’s real name is Abel Tesfaye (31 years old), born in Toronto, Canada. He started making music in 2009 by uploading the song Do It to YouTube. After that, The Weeknd released the albums Trilogy, Beauty Behind the Madness, Starboy, After Hours which helped him win a Grammy Award and hold the top position on the chart. Billboard Hot 100.