Universal Music Group Buys Oriental Star Agencies Catalog for Undisclosed Sum
04 Janeiro 2024 - 10:59AM
Dow Jones News
By Ian Walker
Universal Music Group is buying U.K.-based South Asian record
label Oriental Star Agencies' catalog for an undisclosed sum, as
part of its global growth plan.
The record label behind the Weeknd, Billie Eilish and Taylor
Swift said Thursday that the deal includes all of the label's
recordings and where held, publishing rights.
The catalog comprises approximately 18,000 songs, concert and
video recordings.
"The acquisition complements UMG's current service offering and
will help drive momentum for the South Asian music market, enabling
local artists to reach the largest possible audience in the global
community," the company said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 04, 2024 08:44 ET (13:44 GMT)
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