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Business News Deals Labels & Publishers
BMG buys Altitude Music
By Chris Cooke | Published on Friday 5 August 2016
BMG was yesterday “delighted”, obviously, to announce it had acquired production music company Altitude Music, a purchase that will further expand the music rights firm’s own production music business.
The deal to acquire UK-based Altitude, the catalogue of which has been used by both broadcasters and advertisers, also includes its sister company Must Save Jane, which provides music to movies and trailers. Altitude will continue to be based out of its recording studio in Shoreditch, and will continue to work with its roster of composers, producers and musicians, while tapping into all things BMG to grow its customer base.
Says BMG EVP UK Alexi Cory-Smith: “We’re delighted to welcome Altitude’s highly successful team to BMG as well as integrating the company’s catalogue of music into our business. Altitude’s skilled and passionate team will now have the benefit of BMG’s reach and resources worldwide and we look forward to helping them achieve even greater success in this exciting sector of the music industry”.
Meanwhile Altitude director Caspar Kedros added: “We are super excited to be able to begin the next stage of Altitude’s journey with BMG. We value their commitment to being a new kind of artist friendly music company. This deal means we can continue to grow, whilst keeping the focus on our composers’ creativity and talent”.
