Canadian independent music company Nettwerk Music Group, supported by music assets society Create Music Group, has disclosed that it has entered into a definitive agreement to complete a management buyout from its existing investors. As part of the proposed agreement, Create Capital will invest over $300 million into Vancouver-based Nettwerk and will provide "access to substantial follow-on capital and support services thereafter." The transaction is expected to close this month. The details o...

BMG has entered into a new global recordings partnership with label Sketch Music, through which it will provide global distribution and resources "to accelerate Sketch’s digital-first strategy and scale its reach across new markets." "The partnership reflects both companies shared commitment to championing innovation, empowering creators, and connecting fans with the most exciting sounds emerging online," said BMG in a statement. Sketch Music "champions creators shaping the future of culture," ...

LabelWorx, a distribution and label services provider for independent electronic music, has launched a publishing division, which will provide publishing administration and sample clearance services for its clients." LabelWorx's publishing unit will offer a Single Song Assignment (SSA) model to artists and labels, allowing them to opt in on a per-track basis, rather than committing to traditional long-term publishing agreements. “Publishing has traditionally required artists to choose between ac...