Haim Saban, with a net worth in the region of $3bn, is making a major play in music
The post This multi-billionaire media tycoon is pumping $500m into a new L.A-based music company. Why? appeared first on Music Business Worldwide.
Category archives: Saban Music Group
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…