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From Downtown's $400m copyright sale to Tencent's trouble in China: It's MBW's Weekly Round-up


From Downtown’s $400m copyright sale to Tencent’s trouble in China: It’s MBW’s Weekly Round-up
April 30, 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.
The music industry is used to seeing nine-figure acquisitions take place these days. But the stack of cash that hit our headlines on Monday (April 26) was enough to shock even the most hardened of industry money moguls. ....

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Hasbro Agrees To Sell Entertainment One Music For $385M


Hasbro Agrees To Sell Entertainment One Music For $385M
Kailas Salunkhe-
April 27, 2021, 8:19 AM EDT
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Play and entertainment company Hasbro Inc. has agreed to sell Entertainment One Music (eOne Music), an independent music business, for an aggregate price of $385 million in cash. Hasbro is selling the business to entities that are controlled by Blackstone (
BXMT), which also owns music rights organization SESAC.
Upon the closing of this transaction, eOne Music will function as a separate entity, led by its current Global President, Chris Taylor. The unit will focus on developing a creator-first brand that will have global reach and expertise. ....

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Hasbro toys to get more expensive as costs surge


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