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Stock impact report

Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment' [CNBC]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: CNBC
Carlyle Group co-CEO Kewsong Lee is optimistic about the private equity firm's investment in superstar Taylor Swift. Lee declined to comment on the specific controversy between Swift and Big Machine Records executive Scooter Braun. Swift and Braun have been in a battle over the rights to Swift's music since June, when Swift's former manager Scott Borchetta announced he sold his music label, Big Machine Label Group and Swift's entire back-catalog to Braun's media company, Ithaca Holdings. Carlyle Group, which has been an investor in Ithaca Holdings since 2017, helped finance the deal. Swift protested the initial sale, and she has said Braun and Borchetta are placing restrictions on her ability to use her older music on televised performances "I'm especially asking for help from The Carlyle Group, who put up money for the sale of my music to these two men," Swift wrote. Lee said he is not involved in the day-to-day of all of Carlyle's portfolio companies, but he is confidence in his ma Show less Read more
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