SESAC Bought

SESAC, the largest privately held music licensing firm and third largest overall, is being acquired for an undisclosed amount by private equity firm Blackstone Group, according to the Tennessean.

Because it is privately owned, SESAC is not subject to the same federal regulations as licensing rights organizations ASCAP and BMI. The sale of SESAC comes 17 months after it expanded its licensing power by acquiring the Harry Fox Agency.

“We anticipate a seamless transition in ownership with no disruption to our business activities as a result of this transaction,” SESAC Chairman/CEO John Josephson said. “Going forward, we believe our long-term partnership with Blackstone will position SESAC well for enhanced growth and continued delivery of best in class service to our affiliates, licensees and commercial partners.”