Sony Music Publishing has agreed to acquire Recognition Music's catalog from investment firm Blackstone in a deal valued at approximately $4 billion, according to sources familiar with the matter.

The transaction involves a venture between Sony and Singapore's sovereign wealth fund GIC, which will take ownership of the extensive music rights portfolio. The deal represents one of the largest acquisitions in the music publishing industry in recent years.

The Recognition Music catalog includes performance rights to works by major artists including Beyoncé, Lady Gaga, Journey, and Red Hot Chili Peppers, among others. These assets represent valuable intellectual property that generates ongoing royalty income from streaming, radio play, and other uses of the music.

Blackstone, the private equity firm, has been an active investor in music rights and intellectual property assets in recent years as institutional investors have increasingly viewed music catalogs as attractive alternative investments with steady cash flows.

The acquisition continues Sony Music Publishing's strategy of expanding its portfolio of music rights and catalogs. The music publishing industry has seen significant consolidation and investment activity as companies seek to capitalize on the growth of streaming platforms and digital music consumption.