Warner Music Group (WMG) has purchased a majority interest in Tempo Music Investments, the catalog-focused JV it launched with Providence Equity Partners in late 2019. The major label revealed that deal (besides its calendar Q4 2024 financials and a new Spotify licensing agreement) today.

Providence Equity Partners will retain a minority stake in the firm that has bought rights from top songwriters, artists, and producers, including Wiz Khalifa. the Jonas Brothers.

Warner Music Group said on Thursday it has acquired a controlling stake in Tempo Music, helping it expand its intellectual property portfolio by gaining rights for songs by artists such as Bruno Mars,