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Sony Music is buying Som Livre, Brazil's biggest homegrown record label, for $255m

Music Business Worldwide April 1, 2021 Som Livre artist, Marilia Mendonça, has over 13 billion views of her channel on YouTube We told you so. Last month, MBW predicted that Som Livre, owner of the biggest domestic-born record label in Brazil, was set to be acquired by a major music company. Our sources informed us the price of the deal would likely land somewhere around $250 million to $300 million, and that all three majors had kicked the tires of the firm. Now we know who got it: Sony Music...
Wesley Safad Rob Stringer Marilia Mendon Jorge Mateus Marcelo Soares Paul Simon

Sony Acquires AWAL, Kobalt Neighboring Rights

Sony Acquires AWAL, Kobalt Neighboring Rights AWAL, which built a reputation as a safe harbor for independent artists seeking true global reach, is now owned by Sony, the world’s second largest music group. Sony Music Entertainment has announced that it will acquire Kobalt’s recorded music operations, including AWAL and performance rights collection agency Kobalt Neighbouring Rights. Together they will become a new division within SME’s suite of independent artist and label services along...
Rob Stringer Ann Tausis Bruce Houghton Brad Navin Lonny Olinick Sony Music Group

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