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Business News Deals Labels & Publishers
BMG acquires Hal David catalogue
By Chris Cooke | Published on Monday 3 March 2014
BMG announced it had acquired the publishing catalogue of pop songwriting legend Hal David on Friday. Although the music rights firm didn’t reveal what it had paid for the catalogue, reports suggest the deal was worth $42 million, making it a significant purchase, especially for BMG, which has generally been conservative in its bidding, despite being very acquisitive.
Confirming the acquisition, BMG’s Laurent Hubert told CMU: “The music of Hal David is sewn into the fabric of American culture. His timeless songs have the ability to immediately evoke emotion from music fans and will be appreciated for decades to come. David’s work has left a lasting impact and will continue to be sampled and covered throughout time. We are honoured to be entrusted with his catalogue and support his legacy going forward”.
Meanwhile David’s son Jim told reporters: “I am confident BMG is the right home for Hal David’s beloved body of work. It is clear the team will work passionately to promote and protect his music while bringing his songs to future generations of new fans”.
