The Saban Music Group has signed a global administration agreement with Universal Music Publishing, which will now manage the song rights of the artists it is working with.
"I am THRILLED about this new venture”, says Haim Saban, CEO of the Saban Capital Group, who launched the music venture last year with a $500 million investment. “Innovation requires collaboration, and this partnership amplifies our chances for success on a global scale”.
Universal Music Publishing CEO Jody Gerson adds: "We are excited to be partnering with Haim Saban, Gustavo Lopez and Saban Music to create opportunities for their artists and songwriters. I am confident that we will have outstanding success together”.
The Saban Music Group is already operating in management, touring, publishing and recordings, and already has another Universal alliance in the latter domain. Since launching last summer, the company has begun working with Static & El Ben and Mergui in Israel, Marie Monti in France, Chesca in Puerto Rico, and Raykon in Colobia, among others.