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Business News Deals Labels & Publishers
Leading Nordic indie label buys key Scandinavian publishing business
By Chris Cooke | Published on Thursday 21 May 2015
Nordic indie label Cosmos Music, which claims to own “the biggest independent catalogue of masters in Scandinavia”, has grabbed a slice of the local music publishing sector too by acquiring Scandinavian Songs, which has 22 active writers and producers on its roster, plus represents the rights of a bunch of other independent music publishers in the Nordic region.
Under the deal, Scandinavian Songs will continue to operate as a standalone business under the Cosmos Music umbrella, with the publisher’s previous co-owner Hans Desmond continuing to work with the business.
Confirming the purchase, Cosmos Music founder partner Fredrik Ekander told reporters: “With the acquisition of Scandinavian Songs, we will now become as active in music publishing as we are on the recorded music side. The Nordic region has for quite a while lacked a good sized, strong, well-funded, pro-active and creatively driven and fully independent local publisher – and Scandinavian Songs is now perfectly positioned to fill that void”.
