This isnt the first time that Warner Music Group has partnered with an external investment house to create a rights-buying fund. Wolter was most recently executive vp of Virgin Records at Capitol Music Group a role he assumed in 2018.
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In December 2019 WMG announced a partnership with Tempo Music a subsidiary of Providence Equity Partners which has a spending capacity north of a billion dollars.
. Tempo has recently acquired a portion of the. Before that he worked for 10 years at RCA Records where he signed Bleachers Walk The.
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