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Business News Deals Labels & Publishers
Warner Music Group does deals with Times Music and PT Indo Semar Sakti
By Andy Malt | Published on Wednesday 1 June 2016
Warner Music Group has been doing catalogue deals, which is always a fun thing to do. I might do a catalogue deal this afternoon, if I have time. Warner’s done deals relating to a publishing catalogue and a recordings catalogue too, which is great. All bases covered. Not sure I’ll have time for that.
On the publishing side, Warner/Chappell has expanded an existing deal with Indian music company Times Music, which will see the latter license the major’s catalogue in Bangladesh, Nepal, Pakistan and Sri Lanka, as well as India.
“Warner/Chappell songwriters’ music knows no boundaries and Times Music has been a fantastic partner in helping us extend their reach”, says Stephen Clark, SVP Global Administration over at Warner/Chappell. “The expansion of our partnership allows us to tap into new and vibrant markets with enormous growth potential, and we look forward to further exploring South Asia with the continued help of Times Music”.
Nice. I promised you a recordings deal too though, and I am a man of my word. WMG has acquired the catalogue of Indonesian indie label PT Indo Semar Sakti. Or ISS, as it is often known, to people who don’t spend much time thinking about the International Space Station. The deal will see many of the smaller label’s recordings from the 70s, 80s and 90s digitised for the first time.
“Digital technology is opening up incredible opportunities in Indonesia, where previously piracy hindered our ability to invest in local music”, says Warner Music Asia president Simon Robson. “This deal strengthens our position there, enabling us to help preserve Indonesia’s strong musical heritage by bringing this incredible repertoire to new generations of music fans”.
Warner’s CEO of International, Stu Bergen, adds: “The world is full of possibility for musical talent and, wherever there is a vibrant, viable local music market, we are looking to expand WMG’s ability to develop artists’ careers. This deal will enable us to create new opportunities for artists in Indonesia and extend our reach in Asia, underscoring our determination to accelerate our global growth”.
