$500m-backed Saban Music Group inks global Universal deal to deliver ‘groundbreaking artists’

SMG, backed by Haim Saban, will be distributed in the US by Caroline
The post $500m-backed Saban Music Group inks global Universal deal to deliver ‘groundbreaking artists’ appeared first on Music Business Worldwide.
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This multi-billionaire media tycoon is pumping $500m into a new L.A-based music company. Why?

Haim Saban, with a net worth in the region of $3bn, is making a major play in music
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Saban Music Group Launches With $500 Million Investment

Billionaire investor Haim Saban, Chairman of Saban Capital Group, is teaming with music industry veteran Gustavo Lopez to launch Saban Music Group with a promised $500 million investment. SMG is positioned as a record label, international A&R, and artist development company built around offering ‘360 deals’ to artists. As part… Continue Reading

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