Ole, a Canada-based music publishing and production company, has officially acquired Parallel Music Publishing. The deal involves over 6,500 songs and Parallel’s entire catalog, not to mention six songwriters added to ole’s staff. Time Hunze, the cofou…
Category archives: Mergers and Acquisitions
Songtradr Acquires Big Sync Music In a Multi-Million Dollar Buyout
Songtradr acquires largest sync music agency in the world, Big Sync Music. The once-marginalized synchronization space is now getting seriously rattled — with far bigger opportunities ahead for both artists and brands. Heading into this acquisition by …
Spotify Says It Paid $340 Million for Its Podcast Expansion
We now know how much Spotify paid to acquire Gimlet Media and Anchor. A little over a week ago, Spotify published great news for investors. In its Q4 2018 report, Premium subscribers reached 96 million, up 36% year-over-year. Monthly active users (MAU…
Live Nation Acquires Neste, Forming a New Live Joint Venture — Neste Live!
Neste marks the fourth acquisition Live Nation has made so far this year. Live Nation Entertainment has made another important acquisition. The live entertainment giant has acquired a majority stake in Neste, a full-service event marketing agency. Live…
After a Year On the Block, Universal Music Group Fully Acquires Ingrooves
Universal Music Group is now the sole owner of indie-focused distributor Ingrooves Music Group. This might be one of the easiest post-acquisition integrations in recent memory. Universal Music Group, a longtime minority stakeholder in Ingrooves Music G…
AEG Facilities and SMG Confirm Massive Merger
ASM Global may help AEG better take on Live Nation. Over a year ago, Onex, a Toronto private equity firm, acquired SMG. Live Nation had reportedly sought to bid for the American venue operator. Confirming the acquisition, Wes Westley, SMG’s CEO, said …
Acquiring Two Major Podcast Companies, Spotify Posts a Profit in Q4 2018
Spotify bets big on podcasting to fuel its growth in 2019. Spotify has released its financial results for the fourth fiscal quarter of 2018. For the first time in the company’s history, operating income, net income, and free cash flow were all positive…
Diplo’s Mad Decent Inks a Broad-Ranging JV With Big Deal Music Group
Diplo’s Mad Decent Publishing has announced a new partnership with Big Deal Music Publishing. DJ Wesley Pentz and his manager and business partner Kevin Kusatsu will work with BDM to sign new talent. Diplo founded Mad Decent Publishing back in 2006 as …
Canada’s Sunrise Records Buys HMV, Saving 100 Stores and over 1,400 Jobs
A Canadian record label has now saved HMV from disaster. But, will Sunrise Records be able to turn things around, or should we expect another administration in five years? Several weeks ago, and for the second time in five years, embattled UK retailer…
Penske Media Completes Its Acquisition of Rolling Stone Magazine
Penske Media has finally completed its acquisition of Rolling Stone. Last summer, Penske Media Corporation (PMC) made a strategic investment in BuzzAngle Music. To ‘leverage its key brands’ – Variety, Rolling Stones, Deadline, and Indiewire – PMC wants…