Warner Music Brazil has invested in Sua Música Group, which claims to personal Brazil’s largest leisure platform centered on native music.
In response to a press launch, the funding will deliver Warner Music and your music and “mix[e] for his or her efforts to develop regional artists and songwriters”.
The worth of the funding has not been disclosed, however MBW understands Warner Music has acquired minority stake within the firm.
In 2021, your music is report R$ 50 million (approx. $9 million) was valued at 200 million reais ($36 million) to broaden the corporate’s scale.
Brazil-based Sua Música focuses on native content material and impartial artists 16,000 Confirmed artists in and round 9 million The variety of month-to-month lively customers of its UGC music platform.
it competes with comparable Spotify in the marketplace and have beforehand is called “Brazilian sound cloudAs a result of the enterprise fashions of the 2 corporations are comparable.
Sua Música additionally operates a companies enterprise with operations in digital distributionartist administration and publishing.
As a DIY distributor, the corporate already works with and manages royalties for greater than 1,000 impartial artists in Brazil, together with Tarcísio do Acordeon, Vitor Fernandes, Thiago Aquino, Heitor Costa, Japãozin, Evoney Fernandes.
Warner mentioned the partnership will enable Sua Musica Group to concentrate on increasing its presence throughout Brazil, beginning with “offering management for its music platform within the Northeast and selling [distribution service] Your digital music”.
Sua Música CEO Roni Maltz Bin mentioned the corporate’s “goal is to strengthen the Sua Música Group’s place as a middle for full options for artists, reinforcing our one-stop music retailer idea: publishers, distributors, apps and extra.”
Warner mentioned in a press launch on Wednesday (July 17) that Sua Música “will develop into an vital accomplice in its technique” to attain “increasing its presence in all areas of the Brazilian market, strengthening its regional music, native companions The authority on relationships and shared experience “Uncover new voices to create the catalog of the longer term.”
Warner Confirmed in March Contemplating bid for Paris-based digital music firm believehowever on April 6, declare it has been determined no In search of a takeover bid for the corporate.
on WMG May earnings callthe corporate’s management group acknowledged that it’s going to proceed to hunt additional merger and acquisition alternatives.
“It’s our job to analysis the market. If there are [are] “If there are alternatives to speed up our initiatives, we’ll seize them,” WMG’s chief monetary officer mentioned. Brian Castellani.
Yesterday (July 16) market monitoring firm Luminate reported that Warner had invested in Sua Música, which focuses on impartial artists, citing sources from world “center class” artists. is getting bigger.
In response to Luminate’s mid-year report, within the first half of 2024, there can be 29,253 Artists who clock in between mega and Ten million On-demand audio streaming, added 5.1% In comparison with the identical interval a yr in the past.
“Sua Música’s vital presence within the regional music scene, mixed with our nationwide attain and world community, will amplify the efforts of each corporations and supply artists with new inventive and industrial prospects and alternatives.”
Leila Oliveira, President, Warner Music Brazil
Leila Oliveira, President of Warner Music Brazil, mentioned: “It is a crucial milestone for us as cultural promoters.
“Sua Música’s vital presence within the regional music scene, mixed with our nationwide attain and world community, will amplify the efforts of each corporations and supply artists with new inventive and industrial prospects and alternatives.”
“This partnership solidifies our presence in Northeastern Brazil and opens up area for the regional style to develop globally.”
João Alquéres, ADA Brazil
João Alquéres, Common Supervisor of ADA Brazil, added: “This collaboration solidifies our presence in Northeastern Brazil and opens up area for the event of the regional style globally.
“As we strengthen our partnerships, Warner Music can present a wide range of options for artists and songwriters at totally different phases of their careers.
“The partnership with Sua Música demonstrates our capacity to function throughout totally different music genres and totally different areas in Brazil.”
“Our purpose is to strengthen the Sua Música Group’s place as a middle for full options for artists, reinforcing our one-stop music retailer idea: publishers, distributors, apps and extra.”
Ronnie Maltz-Bing, your music
Roni Maltz Bin, CEO of Sua Música, added: “The announcement of this funding marks a wonderful second for the Sua Música Group within the Brazilian market.
“We’re very happy with this vital transfer. We’ve grown on our personal capital because the founding of the corporate and this funding will undoubtedly be vital in additional accelerating development throughout all our companies. Warner Music acknowledges the total scope of our technique potential, we will certainly be a part of fingers to attain quicker development within the nationwide market.
He added: “Our major mission is to develop, broaden and join the world of music. Our purpose is to strengthen Sua Música Group’s place as a middle for full options for artists, reinforcing our one-stop music store idea: writer, writer , apps and extra, and it doesn’t cease there! We additionally work with studios throughout Brazil to hurry up music manufacturing.
“We have already got Sua Música Area in Fortaleza, the most important content material manufacturing middle within the Northeast; one other studio in Campina Grande; and we’ll quickly open a 3rd in São Paulo. This yr we additionally We’re evaluating extra cities to broaden our presence in Brazil and Latin America.world music enterprise
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
