Warner Bros. Discovery and Cutting Edge Group form JV to own and manage WBD's iconic music rights portfolio

Warner Bros and Cutting Edge partnering to enhance the music library's value

LOS ANGELES, Jan. 31, 2025 /PRNewswire/ -- Warner Bros. Discovery Inc. (NASDAQ: WBD) and Cutting Edge Group ("CEG"), the leading specialist investor in and manager of media music rights, have partnered to create a joint venture (the "JV") through which they will co-own WBD's vast catalog of film and TV music. WBD will retain creative and operational control of the music rights while CEG, further to its investment into the business, will jointly manage the JV. The creation of the JV is, by value, one of the largest music rights deals ever transacted and spans almost 100 years of copyrights.