BMG has acquired some of the rights in the recordings catalogue of rock band Jet, a deal that runs alongside their existing publishing deal.
The new agreement sees BMG take ownership of the rights to the Australian band’s first two albums, ‘Get Born’ and ‘Shine On’, in Australia and New Zealand, as well as the global rights in their third LP ‘Shaka Rock’.
"With big decisions like this it comes down to personal relationships”, says Jet’s Chris Cester. “We've known the BMG team for years. We're already with BMG for our publishing and they do what they say they're gonna do. That's a rare thing in this business. Sooner or later you figure out that's the only thing that matters, if you're serious about what you do".
President of BMG Australia, New Zealand and South-East Asia, Heath Johns, adds: "Jet are a generation-defining band who achieved global success of the rarest kind. BMG couldn't be more honoured to acquire these iconic global hit recordings and we thank Nic, Chris, Cam, Mark and their manager Andy Cassell for the faith they have shown in our team via this landmark deal”.
“BMG has become the fastest-growing music company in Australia via our organic recordings and publishing growth”, he adds, “and now - as we expand our scope via acquisition - I can think of no bigger statement than the acquisition of the Jet catalogue”.
Really?
