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Business News Deals Labels & Publishers
Warner Music buys state-owned Polish record label
By Andy Malt | Published on Wednesday 27 May 2015
Warner Music Poland has announced that it has acquired the country’s oldest record company, Polskie Nagrania. The label was previously owned by the Polish government, but was put up for auction in January.
President of Warner Music Poland, Piotr Kabaj, said in a statement: “This acquisition represents a significant milestone for our business, and it will be an honour to represent such influential artists and revered music. We are committed to using our expertise and resources to ensure that the iconic Polskie Nagrania name continues to thrive, and that these legendary songs win new fans in Poland and beyond”.
Meanwhile Warner Recorded Music’s International President, Stu Bergen, added: “Our investment in the incredible music of Polskie Nagrania will bolster our already strong presence in this growing, culturally vibrant market. This is the latest in a series of moves to develop local repertoire in countries where new technology is connecting artists with massive audiences and unlocking new creative and commercial opportunities”.
Polskie Nagrania’s catalogue spans from the 1950s to the present day, covering many of Poland’s most celebrated contemporary and classical musicians.
