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Even though the internet continues to erode the music business, there is still investor interest in the sector. Just look at private equity powerhouse KKR. The firm has agreed to form a joint venture with Bertelsmann that will focus on music rights management (KKR will get 51% of the entity).
Actually, even though Bertelsmann has been shedding its music business over the past few years, there are still remaining assets. So, why not lower the risk of these assets by bringing in a financial partner?
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