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Business News Deals Labels & Publishers
BMG signs global deal with Chinese music firm
By Andy Malt | Published on Friday 21 November 2014
Having entered the Chinese market earlier this year, BMG has announced a new partnership with Giant Jump, which will see the German company manage the Chinese music firm’s recording and publishing rights both domestically and internationally.
BMG China’s Chief Investment Officer Dora Yi said in a statement: “Giant Jump is a leading Chinese music company with strong entrepreneurship and clear strategic vision, making it an ideal partner for BMG. We look forward to working with them, developing new business models and delivering the value Chinese artists and rights owners deserve”.
Giant Jump founder Haiquan Hu added: “It is my great honour to partner with BMG. I believe Giant Jump will definitely enter into a new chapter with BMG’s international platform, know-how in music rights management and its unique position in China’.
Hu is also one half of Yu Quan, one of the acts that will be covered by the deal. Others include Yun Hao, Jianxiang Huang, Xiang Li and Nic Li. All of whom I’m assuming you are familiar with.
BMG has already been very active in the acquisitions domain of late, announcing the purchases of Vagrant Records and Union Square Music this month. In September, it also bought Infectious Music and LA-based production music library Music Beyond.
