Source: Business Wire via Rangerboard; corroborated by Marketwatch
Acquisition Spans Global Television, Film and Music Franchise Properties
LOS ANGELES–(BUSINESS WIRE)–Bug Music, Inc. (“Bug Music”), one of the world’s largest independent music publishers, and Saban Capital Group, Inc. (“SCG”), a private investment firm specializing in the media, entertainment and communications industries, announced today that Bug Music has acquired the worldwide rights to the Saban Music Group’s (“SMG”) extensive music publishing catalog.
“Bug is focused on opportunities that provide growth for the company, as well as best practices for our film and TV clients across the world”
With this transaction, Bug Music will control the worldwide rights to SMG’s complete music library and further the company’s strategy of acquiring high-profile music copyrights licensable across multiple media platforms, while strengthening its core assets and processes in the worldwide television and film markets. The extensive purchased catalog includes material from leading children’s franchises such as the Mighty Morphin Power Rangers™, Digimon™, The Addams Family™ Reunion, Teenage Mutant Ninja Turtles: The Next Generation, Princess Sissi and Walter Melon properties, and encompasses a slate of theme songs, cues and scores from more than 90 television series, 3,700 television episodes and 100 made-for-television films and specials.
Following Saban Capital Group, Inc.’s (SMG’s parent company) recent acquisition of the Mighty Morphin Power Rangers™ property, Bug Music sees significant growth opportunities in the newly acquired catalog.
“Bug is focused on opportunities that provide growth for the company, as well as best practices for our film and TV clients across the world,” John Rudolph, CEO of Bug Music, said. “This deal falls in line with our goals and will benefit our clients in real returns. The excellent work of the Saban team in managing the catalog and completing the deal has made the transition seamless.”
”We are delighted that we have found the ideal home for our music library,” commented Fred Gluckman, Senior Vice President and Chief Financial Officer. “We are particularly excited by the abilities of John and his team to enhance the value of the catalog as part of their growing platform of assets.”
SMG was created to acquire and develop properties in the music publishing and television music copyrights sectors, building on the television catalog originated by Haim Saban’s days as the producer of the Power Rangers, Spiderman and many other hit children’s properties.
About Bug Music:
The largest US independent contemporary music publisher and #99 on the 2009 Inc 500, boasting the most significant songwriters of today (Kara Dioguardi, Kings of Leon, Bruno Mars, Three Six Mafia, Gordie Sampson, Lucas Secon, Ryan Adams, Wilco, Grizzly Bear, Pete Townshend, Paul Westerberg among others), the past (Johnny Cash, Willie Dixon, Muddy Waters, Woody Guthrie, Townes Van Zandt and Stevie Ray Vaughan) and the classics such as “What a Wonderful World,” “Fever” and “Happy Together,” Bug Music’s reputation, across its eight offices in the US and Europe in all genres, as a writer/artist-oriented music company and trusted counsel of legendary estates and current artists is unrivaled. www.bugmusic.com
About Saban Capital Group:
Saban Capital Group (“SCG”) is a leading private investment firm based in Los Angeles specializing in the media, entertainment and communications industries. Established in 2001 by Haim Saban, the firm makes both controlling and minority investments in public and private companies and takes an active role in its portfolio companies. SCG’s current private equity investments include Univision (the premier Spanish-language media company in the US) and Tiger Gate Entertainment (a joint venture with Lionsgate to operate branded pay television channels across Asia). Saban Brands LLC, an affiliate of SCG, was formed in 2010 to acquire, manage and license entertainment properties and consumer brands across media and consumer platforms globally, and currently holds the rights to Power Rangers and Paul Frank Industries in its portfolio. In addition, SCG actively manages a globally diversified portfolio of investments across public equities, credit, alternative investments, and real property assets. For more information, please visit www.saban.com.