Music Business Worldwide
April 9, 2021
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.
This week, MBW revealed that BMG and investment giant KKR have jointly committed to spending over $1bn on music copyrights (for starters) via a new deal-hunting partnership.
Meanwhile, speaking of investment funds, Andre de Raaff‘s Netherlands-based CTM has formed a new venture with Dallas-based Outlander Fund with the ambition to invest $1 billion in copyrights over the next five years.
Music Business Worldwide
April 6, 2021
Republic Records and parent company Universal Music Group (UMG) have launched Universal Arabic Music (UAM) in partnership with successful music manager and entrepreneur, Wassim “SAL” Slaiby.
UAM, which UMG says “will create new opportunities to advance Arabic music and culture with global partners, platforms and brands”, was unveiled today by Sir Lucian Grainge, Chairman and CEO of UMG, Republic Records Founder and CEO Monte Lipman and Wassim “SAL” Slaiby, Founder and CEO of SALXCO and XO RECORDS.
Slaiby will serve as Founder and CEO of Universal Arabic Music, effective immediately.
Los Angeles-based Slaiby is the CEO of XO Records (the label which he co-founded with The Weeknd whom he also manages) and of SALXCO, his management firm.