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Paul, Weiss is advising Bain Capital in its strategic joint venture with Warner Music Group (WMG) allowing for the purchase of up to $1.2 billion of iconic music catalogs across both recorded music and music publishing. The partnership was formed through equal equity commitments from Bain Capital and WMG.

Under the terms of the agreement, Bain Capital and WMG will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution and administration. By combining Bain Capital's global resources and financial capabilities with WMG's worldwide infrastructure and relationships, the venture aims to set a new standard as the preferred partner for renowned musical talent as the music industry continues to evolve.

The Paul, Weiss team is led by partners Ted Ackerman, Cullen Sinclair and Chuck Googe, and includes corporate partners Robert Zochowski, Mikhel Schecter and David Tarr; and tax partners Scott Sontag and Reuven Garrett.