Blackstone is exploring the potential sale of SESAC, with early reports suggesting a price tag of $3 billion or more. The sale would likely include SESAC's complete portfolio of assets, including Audiam and the Harry Fox Agency.

Multiple high-profile bidders have reportedly expressed interest in acquiring the performing rights organization (PRO), including:

• Apollo Global Management
• Warburg Pincus
• Temasek Holdings (Singapore's state-owned investment firm)

This potential sale follows significant private equity movement in the PRO space, including New Mountain Capital's recent acquisition of BMI. The timing is notable, as it comes after Hellman & Friedman acquired a majority stake in Global Music Rights (GMR) late last year.

While neither Blackstone nor the potential bidders have officially commented on the reported price, the public disclosure of the $3 billion figure may be strategic to generate additional interest and competitive offers.

ASCAP, meanwhile, has emphasized its unique position as the only non-profit PRO in the United States. The organization recently announced a $1 million distribution to members affected by the Los Angeles fires, demonstrating its continued focus on member support rather than private equity interests.

This potential SESAC sale represents another significant shift in the PRO landscape, as private equity firms continue to show strong interest in music rights organizations.

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