Tuesday, June 29, 2021

Music Deals -- Week 25 2021

Sony Music Entertainment (SME) has acquired a majority stake in Alamo Records, the New York-based label founded by music industry entrepreneur Todd Moscowitz. Terms of the transaction were not disclosed but MBW puts it in the region of $125 million. Under the agreement, Alamo, including its existing roster and catalogue, will become a new frontline creative center within SME and will "continue to sign, develop and market its own roster of artists under the leadership of Moscowitz as CEO," said the company in a statement. Sony Music Group Chairman Rob Stringer described Moscowitz as a "visionary in an area of music that is now front and center of pop culture globally." He said that Sony Music will provide "all the partnership he needs to take the label to even greater heights.” Artists signed to the label include BlackbearLil Durk and Rod Wave.

The US National Hockey League has signed a licensing partnership with producer and songwriter Timbaland and his global marketplace for music creators Beatclub. The deal will allow the NHL to use Beatclub and Timbaland’s catalogue of exclusive music, beats and songs throughout the duration of the 2020-21 season. In addition, Beatclub will collaborate with the NHL to curate music for use in television and radio broadcasts of NHL games and events, in-arena integrations, and across social media and other digital platforms. Beatclub features material from Timbaland, Mike WiLL Made-ItMike DeanTainyJ. ColeRance of 1500, and many others. “This new curated library of music is another example of how the NHL is listening to what our young fans and players are asking for and is happy to deliver. We’re psyched to be working with one of the greatest music producers of all time,” said Steve Mayer, NHL Chief Content Officer. Beatclub Co-Founder Gary Marella added, “Beatclub is excited to collaborate with Steve Mayer and his team to bring a brand-new vibe to professional hockey, celebrating the players and the game with some incredible music. We’re thrilled to bring this opportunity to our Beatclub creatives.”


Universal Music Group's Interscope Records has set up a joint venture record label deal with Kenya Barris and his film and television content production company Khalabo Ink Society, bringing Barris’ Khalabo Music record label into the Interscope fold. The deal marks Khalabo Ink Society’s formal expansion into music. “At Interscope we are interested in teaming up with creators who move culture and Kenya has created a body of work that is virtually unparalleled in that regard,” said Steve Berman, Vice Chairman of Interscope Geffen A&M Records.

Independent music company Reservoir has acquired the catalogue of rock producer Tom Werman (pictured, below), known for his work with artists and bands such as as Mother’s FinestTed NugentCheap TrickMolly HatchetBlue Oyster CultMötley CrüeTwisted SisterLita FordDokkenKixL.A. Guns, and Poison. The deal includes 100% of Werman's producer rights for all of his works, including the No.1 Billboard Hot 100 hit 'Every Rose Has Its Thorn' by Poison. “It’s gratifying to make this agreement with [Reservoir EVP, A&R and Catalog Development] Faith Newman and the Reservoir team who genuinely care about my work, and I’m glad to have found such avid supporters," said Werman. “From the powerful, iconic hits to the deeper cuts, Tom’s contributions to Rock as we know it are indelible. We are honoured to now include them as part of the Reservoir catalogue," added Newman.


Sony Music Publishing has signed singer, songwriter, actor, and activist Janelle Monáe to an exclusive, worldwide administration agreement. Monáe is also co-founder of the label imprint, Wondaland Arts Society, which recently launched its production arm, Wondaland Pictures. “As an artist who is constantly reinventing myself, I feel like I’m just getting started,” said Janelle Monáe. “I am excited about partnering with Big Jon [Platt, Chairman and CEO of Sony Music Publishing] and the rest of my new Sony family to help shape the future of music in the record industry as well as the fashion, and TV and film space.” Added Platt: “I have been chasing the opportunity to work with Janelle since the beginning of her career. I am very grateful to welcome her to Sony Music Publishing, and I look forward to building something incredible with Janelle and the Wondaland Arts family."

Sony Music Publishing Nashville has signed a global publishing representation agreement with Relative Music Group (RMG), the publishing and artist development company founded in 2017 by father/son duo Dennis and Jesse Matkosky. RMG first signed act was singer-songwriter Michael Hardy, who recently became a Partner at the company. RMG is also the home of Bailey Bryan. "Relative Music Group has done an incredible job of championing songwriters with an independent spirit that embodies everything that makes Music Row special. We’re thrilled to partner with Dennis, Jesse and Michael as we work together to elevate their company and vision to new heights," said Sony Music Publishing Nashville CEO Rusty Gaston.

Video game studio Electronic Arts has acquired mobile games developer Playdemic from Warner Bros. for $1.4 billion in cash. Playdemic is the producer of such games as 'Golf Clash', which has been downloaded more than 80 million times on iOSAndroid and Facebook portals. EA also acquired Glu Mobile in April for $2.bn.

The Indian Music Industry (IMI), the trade organisation representing India's recorded music industry in India, is launching the first-ever International Top 20 Singles Chart India. The listing will be compiled by Barcelona-based data firm BMAT, based on data from music streaming services SpotifyApple Music and Amazon Music. The Top 20 chart, available on Mondays, is reviewed by the IMI Charts committee which regroups representatives from record labels such as Universal Music GroupSony Music EntertainmentTimes Music and Warner Music Group. "The IMI charts are the first ever formal launch by the Indian Music Industry to provide a concise, factual and real time chart system for its stakeholders to refer to," said Times Music COO Mandar Thakur. "The mechanism to arrive at the charts is industry grade and is collated from data analysed across all verticals and as such will be the definitive charts for Indian consumers and global stakeholders."

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