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ViacomCBS sells Simon & Schuster to Bertelmann’s Penguin Random House

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2 years ago

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By Emmanuel LegrandViacomCBS has sold book publisher Simon & Schuster to Bertelsmann's publishing unit Penguin Random House, in a $2.175 billion deal that will create the world's leading publishing company, providing the agreement gets the green light from antitrust regulators on both side of the Atlantic. "Simon & Schuster strengthens Bertelsmann's footprint globally, and particular in the US, its second-largest market," said Bertelsmann in a statement. The transaction will be paid "in ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Primary Wave to manage Stevie Van Zandt’s publishing and recorded music catalogues

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8 hours ago

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February 6, 2023

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Primary Wave Music has announced a partnership with legendary singer, songwriter, and producer Stevie Van Zandt, in a "multi-million dollar deal" that will see Primary Wave manage Van Zandt’s music publishing and recorded music catalogues, as well as a portion of his name and likeness rights.

The deal also includes a stake in Van Zandt’s producer royalties from his work with Southside Johnny and the Asbury Jukes, along with band member and producer royalties from his collaboration with Bruce...

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Creative Industries

Kok-Siew Yeo appointed Managing Director of Warner Music Taiwan

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11 hours ago

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February 6, 2023

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Meta executive Kok-Siew Yeo was named Managing Director of Warner Music Taiwan. Based in Taipei, he report to Chris Gobalakrishna and Jonathan Serbin, co-Presidents of Warner Music Asia.

In his new role, Yeo will be overseeing the company’s operation in Taiwan and strengthen its position in the Mandopop genre. he will also become a core member of Warner Music’s regional executive team.

“We are very pleased to welcome Kok-Siew to Warner Music. He brings a unique breadth of expertise acr...

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Sony Music elevates Damián Amato in Latin America and appoints Maria Mercedes Montejo as MD of the Andean region

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1 day ago

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February 5, 2023

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Sony Music Latin has exp[anded the remit of Damián Amato to include the Andean region — covering Colombia, Ecuador, Peru and Venezuela — to the territories he already oversees — Argentina, Chile, Uruguay and Paraguay.

Based in Buenos Aires, Amato reports to Afo Verde, Chairman and CEO of Sony Music Latin-Iberia. In parallel, Maria Mercedes Montejo has been appointed Magaging Director of Sony Music Andes, in charge of the company's operations in Colombia, Ecuador, Peru and Venezuela.

Mont...

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