PRIVATE equity firm KKR & Co. will buy a majority stake in Grammy award-winning songwriter and producer Ryan Tedder and American pop rock band OneRepublic’s music catalog that includes hits such as “Counting Stars” and “Apologize.”

KKR, with investments in TikTok parent ByteDance and music company BGM, will also have publishing and recorded music rights to the catalog that has nearly 500 songs, including those co-written with popular acts such as Beyonce, Lady Gaga, Paul McCartney and U2.

The catalog is valued at nearly US$200 million, a source with knowledge of the matter said. KKR declined to comment on the deal value.

Record label Interscope Records will continue to own the master recordings of OneRepublic, of which Tedder is the frontman.

Tedder has also written songs with Stevie Wonder, Ed Sheeran, Cardi B and the Jonas Brothers.

(SD-Agencies)