Investment firm Blackstone is exploring the sale of SESAC, with an expected price tag of over $3 billion. Multiple high-profile bidders, including Apollo Global Management, Warburg Pincus, and Singapore's state-owned Temasek Holdings, have reportedly shown interest in acquiring the performing rights organization.

The potential sale would likely include SESAC's entire portfolio of assets, including Audiam and the Harry Fox Agency. This development follows recent significant movements in the performance rights space, including Hellman & Friedman's majority stake acquisition in Global Music Rights (GMR) and New Mountain Capital's buyout of BMI.

The $3 billion price tag disclosure could be a strategic move to generate additional offers and increase demand. Neither Blackstone nor the potential bidders have officially commented on the reported price.

This potential transaction highlights the growing private equity interest in performance rights organizations. ASCAP, now the only remaining non-profit PRO in the U.S., recently announced a $1 million distribution to members affected by Los Angeles fires, emphasizing its unique not-for-profit status in the industry.

The broad interest in SESAC's acquisition reflects the increasing value placed on music rights organizations and their role in the evolving music industry landscape.

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