Apollo-managed funds and affiliates have acquired what Apollo describes as a "noncontrolling interest" in a subsidiary of BMG that holds the legacy Concord asset-backed securities, backed by a catalog of over 1 million songs
BMG secures exclusive licensing rights to electronic music innovator Jean-Michel Jarre’s recorded catalog across a broad range of territories worldwide.
The exclusion applies retroactively, so kids and family music users have already streamed will no longer count toward their Wrapped top song or artist.
The running of the festival, along with every asset attached to it, passes to an organization controlled by Pukkelpop founder and CEO Chokri Mahassine.