Warner Music Group and Bain Capital have announced a joint venture to invest up to $1.2 billion in acquiring music catalogs. This partnership represents the latest collaboration between record labels and private equity firms in the music industry. Among the potential acquisitions, Warner Music is reportedly in talks to purchase the Red Hot Chili Peppers' catalog for over $300 million. Concurrently, Warner Music Group plans to reduce its workforce again as part of a cost-saving initiative, with a commitment to reinvest $300 million back into music and related areas. This strategy reflects Warner Music's focus on balancing operational efficiencies with continued investment in music assets.