Philip Moross says the partnership will promote economic value and the creative integrity of composers' work.
WMG delivers Tempo Music Investment's rights to catalogs from Wiz Khalifa, Florida Georgia Line, Brett James and others to Warner Chappell.
The company has inked deals for Bennett-branded watches, a restaurant and film and TV projects.
The fee is meant to reduce risk for bidders with "bona fide" offers.
Following last week's no continuation vote, the fund's board has six months to form plans to improve share price and stability—and that may include liquidating.
A majority of shareholders of the music royalty fund voted 'no' to continuation and rejected a plan to sell rights to songs by Shakira and Barry Manilow.
Deal includes rights to Perry's five chart-topping songs on 2010’s "Teenage Dream," plus songs from four other albums released between 2008-2020.
The deal would pay investors $1.15 a share and give Concord access to a catalog of 150,000 songs.
A new wave of publishing rights to classic song catalogs may open up to investors thanks to U.S. copyright law, but master recordings are another story.
Irving Azoff's company acquires the legend's interest in her past sound recordings and compositions.
