Blackstone strikes deal with Mercuriadis to tap into music streaming boom

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Private equity firm’s $1bn venture aims to cash in on music rights buying spree

“The music industry is at the forefront of the fast-growing streaming economy and is unlocking new ways of consuming content,” said Qasim Abbas, senior managing director at Blackstone Tactical Opportunities. “This partnership underscores the long-term, sustainable value we see in creative content across the wider entertainment industry.”

 

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