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Media mogul Haim Saban launches music company
By Chris Cooke | Published on Thursday 18 July 2019
US-based media mogul Haim Saban – best known for his many TV ventures and most commonly linked to the Power Rangers franchise – is setting up a record company.
Saban’s entertainment industry career actually began in music and, once he moved into TV, he continued to compose theme tunes, especially for kids shows. The new Saban Music Group will seek to both sign new artists and buy-up existing music companies and catalogues, with the businessman pledging a neat $500 million to get the new venture off the ground.
The new music group will be led by Gustavo Lopez, who previously headed up the Latin music focused Talento Uno, which Saban acquired in May. Of the new venture, Lopez has said: “Saban Music Group is a Los Angeles-based record label with a worldwide view of the music industry, looking to capture the globalisation of music and work with artists who have an international appeal”.
Saban himself adds: “Music has always been one of my life’s greatest passions – shaping, influencing and motivating me on a daily basis. It is with great excitement that I re-enter the music business – not only as a businessman but as someone who is passionate about the art, dedicated to the development of worldwide artists and [who] wants to provide world-class entertainment”.
