Private equity giant Apollo invests $700 million in Sony Music
Apollo did not reveal the terms of the deal with Sony, which works with artists such as Lil Nas X and Celine Dion.
Heavyweights of the financial world are cashing in on the lucrative streaming rights and cash flows the industry offers. Apollo had also backed media and entertainment-focused investment firm HarbourView Equity Partners in 2021.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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