Diplo, Twenty One Pilots Royalties to Back Bonds Sold by Chord
Diplo performs onstage during the 2025 iHeartRadio Music Festival in Las Vegas.
Photographer: Bryan Steffy/Getty Images
Chord Music Partners, a firm which invests in music rights, is selling $500 million of bonds backed by royalties from artists including Twenty One Pilots, Diplo and Morgan Wallen.
The asset-backed securities are tied to a catalog of more than 3,750 works from several artists, according to a Kroll Bond Rating Agency report, and is valued at about $830 million.