Core Viewpoint - Sony Group and Singapore's sovereign wealth fund, GIC, are forming a joint venture to acquire music copyrights, with an investment plan of $2 billion to $3 billion [1] Group 1 - The joint venture will be responsible for managing the acquired copyright portfolio, including distributing music to streaming platforms and licensing older songs for movies and advertisements [1] - Sony Music will oversee the management of the copyright library acquired through this joint venture [1] - The joint venture aims to provide Sony with funding to expand its song library and plans to seek high-quality, well-known music assets across various genres [1]