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Creative Industries

Believe acquires a 15% stake in the Philippines’ leading music company Viva Music

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Paris-listed music company Believe has sealed a strategic partnership with Viva Music and Artists Group (VMAG), the leading label in the Philippines. Believe is investing has acquired 15% of VMAG's shares representing 15% of the total share capital for a consideration of €23 million.

Believe and VMAG have been collaborating on the regional development of artists since 2019. VMAG is controlled by family-owned media company Viva Holdings. The partnership with Viva Holdings is described as "a k...

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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

Musical chairs — Week 46, 2022

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GLOBAL

Reservoir's Rell Lafargue

NASDAQ-listed independent music company Reservoir Media has joined the board of ICMP, the global trade body representing the music publishing industry. Reservoir Media’s President and Chief Operating Officer Rell Lafargue will join the ICMP board, chaired by Universal Music Publishing‘s Jackie Alway. Reservoir was founded in 2007 and represents over 140,000 copyrights and 36,000 master recordings. “ICMP is delighted to welcome Reservoir President and COO R...

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Creative Industries

Music deals — Week 46, 2022

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Here is a list of the main music deals this week:

Universal Music Group (UMG) has acquired a 49% stake in Brussels-based independent music company [PIAS]. Terms of the transaction were not disclosed. The announcement follows the formation of the strategic global alliance between the two companies in June 2021. In a statement, the companies said that under the new agreement [PIAS] will remain “fully independent” and its founders Kenny Gates and Michel Lambot&...

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Creative Industries

Quotes of the week — Week 46, 2022

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"I’ve had a bad month.”By Sam Bankman-Fried, the founder and CEO of bankrupt crypto platform FTX, speaking at the New York Times' DealBook Summit, in his first public appearance since the collapse of his company amid allegations of fund mismanagement.

“The fact that companies have to deliver their apps exclusively from platforms controlled by competitors — there is a conflict of interest there.”By Mark Zuckerberg, founder of Meta, the parent company of Facebook and Instagram, expla...

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