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Past Music has introduced it has acquired the music catalog of Canadian producer and songwriter Greg Wells.
Wells has developed and penned songs for Adele, Taylor Swift, John Legend, Dua Lipa, Quincy Jones, Katy Perry, and numerous other individuals. This deal marks the initial time a Korean organization has obtained a North American tunes catalog due to the fact HYBE purchased Ithaca Holdings from Scooter Braun previous yr.
The company’s wholly-owned subsidiary Over and above New music US has concluded the acquisition of Wells’ catalog, which consists of tracks from albums that have marketed a lot more than 130 million copies. Greg Wells has acquired five Grammy nominations and one particular award. The catalog includes works this sort of as Adele’s “One and Only,” John Legend’s “Never Crack,” Dua Lipa’s “Garden,” OneRepublic’s “Apologize,” Katy Perry’s “Cozy Small Xmas,” and Twenty One Pilots “Car Radio” among many other people.
Beyond Music’s very first key U.S. acquisition aims to speed up its development to grow to be a international tunes legal rights management company with a lot more than 26,000 Asian and international songs rights.
Past September, CT Investments, a division of its guardian company Contents Technological innovation, launched KPOP and Korean Amusement ETF (KPOP ETF), offering traders a probability to participate in the advancement of Korean pop music and lifestyle. The KPOP ETF started buying and selling on the NYSE Arca exchange on September 1. Outside of Songs formerly expended extra than $200 million on a number of big catalog acquisitions inside of Asia, including FNC Expense and Interpark’s audio catalog.
“Now is the time to grow to be a worldwide new music legal rights management organization by securing not only Asian, but also intercontinental songs rights,” adds Beyond Audio CEO Jangwon Lee. “We will keep on to turn into the video game changer in the current market and build beneficial synergy by shut cooperation with media and amusement firms for the industry’s progress.”
“It is without a doubt an honor to be the initially key new music catalog acquisition for Beyond outdoors the Korean current market,”providesGreg Wells. “I am amazed with their motivation to imaginative independence as well as maximizing the effect of my music. I come to feel my work is in superior fingers with them.”