Jules Munro (Director) and Amy Grondal (Senior Associate) have advised global music company, BMG, on its acquisition of the recordings catalogue of multi-platinum and award-winning Australian rock band, Jet. The sale includes Australian and New Zealand rights to the band’s first two albums, Get Born and Shine On, and the global royalty stream for these iconic albums in perpetuity, as well as global rights to their third album Shaka Rock.
Heath Johns (BMG President, Australia, New Zealand and South-East Asia) said that “BMG has become the fastest-growing music company in Australia via our organic recordings and publishing growth and now, as we expand our scope via acquisition, I can think of no bigger statement than the acquisition of the JET catalogue.”
Having also recently advised BMG on its acquisition of the recording catalogue of Angus Stone’s Dope Lemon project, it was great to have again worked with the brilliant team at BMG on this transaction.
BMG is the world’s fourth-biggest music company. In addition to Jet, BMG’s label roster of Australian and New Zealand talent includes Dope Lemon, Chet Faker, Angus & Julia Stone (ANZ), Daniel Johns, Hockey Dad, Julia Stone, The Living End, Pacific Avenue, Ladyhawke, Dune Rats, Winston Surfshirt and CHAII. BMG also represents or owns rights in the work of iconic artists including Mick Jagger, Keith Richards, George Harrison, Ringo Starr, Kurt Cobain, Johnny Cash, Buddy Holly, Iggy Pop, Blondie, David Bowie, The Kinks, Black Sabbath, Iron Maiden, Motörhead, and many more.
You can read more about the sale here.
By Amy Grondal