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Creative Industries

BMG and KKR join forces with the ambition to be leading acquirers of music rights

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By Emmanuel LegrandBertelsmann-owned music company BMG and global investment firm KKR have joined forces for the acquisition of music (publishing and recording) catalogues and other music rights. "BMG and KKR can jointly pursue opportunities for acquisitions of major catalogues of music rights from now on," said Bertelsmann Chairman & CEO Thomas Rabe. "Together with KKR, we are ideally positioned to make attractive offers to rights owners." The two partners did not disclose how much they ...

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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).

Creative Industries

Utopia Music reorganises and bids farewell to current CEO Markku Mäkeläinen

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Utopia Music has announced a raft of leadership changes — including the departure of CEO Markku Mäkeläinen — amid a reorganisation that will see the Swiss-based music company split into two entities, Music Services and Royalty Platform

The company said the new structure is "aimed at refocusing on its core," in order to "drive sustainable growth and deliver ‘Fair Pay for Every Play’."

Utopia's Markku Mäkeläinen

"The new management team — all promoted from within the company — will lever...

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Creative Industries

Rob Gross joins marketing agency The Syndicate as SVP, Label Services

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Entertainment marketing agency The Syndicate has hired music industry veteran Rob Gross as SVP, Label Services. Based in Los Angeles, Gross reports to Jon Landman, Partner and CEO of The Syndicate, and to the other partners — Tracey Zucatti, Chris Elles and Graham Rothenberg.

In the newly created role, Gross will offer "full-scale project management for album releases and sales for all pillars of the company’s services in radio, marketing, and PR." As part of the agreement, Gross Rob will be...

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Creative Industries

Big Machine’s Jake Basden joins Sandbox Entertainment Group as President

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Former Big Machine Label Group Senior Vice President of Communications Jake Basden has joined full service artist management company Sandbox Entertainment Group as President.

At Sandbox, Basden will work alongside Founder, Chairman and CEO Jason Owen, with a focus on integrating marketing, imaging, perception and opportunities across platforms. Basden left BMLG a few weeks ago after 12 years with the Nashville-based company.

Sandbox's roster includes Kacey Musgraves, Kate Hudson,...

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