The lead vocalist of pop outfit One Republic who has worked with a number of prominent artists such as Beyoncé, U2, Paul McCartney, Adele, Stevie Wonder and Lady Gaga, KKR has bough a majority stake in the music catalog of Ryan Tedder. Their new deal covers over 500 songs, including all One Republic songs and tracks co-written with all of the aforementioned artists.
Some of the major non-One Republic hits included in this sale involve Beyonce’s “Halo” and Adele’s “Rumour Has It.”
Though, as of press time it is unknown how much the catalog was purchased for, but reports indicate that Tedder’s catalog weas worth around $200 million.
The company wrote in a statement to Music Business Worldwide: “Centered around an ‘artist-first’ approach and in collaboration with Tedder, KKR plans to leverage the firm’s vast network, resources and global scale as well as its deep experience successfully investing in market-leading music, digital, media and content businesses to expand upon the success and reach of Tedder and OneRepublic’s music.”