Red Bull Media House Partner With Sony/ATV/EMI Music Publishing In Global Administration Deal
May 14, 2013 at 3:59 AM (PT)
RED BULL MEDIA HOUSE has signed an agreement with SONY/ATV/EMI MUSIC PUBLISHING for a worldwide administration deal. In a first for RED BULL MEDIA HOUSE, the three-year agreement will cover all territories globally excluding the U.S. and AUSTRIA, where the media company will steer administrative functions for their music publishing business in-house.
Commenting on the partnership, RED BULL MEDIA HOUSE Head of Audio Portfolio MARTIN BREM said, "Joining forces with SONY/ATV/EMI means more power to our musical creators on a worldwide basis through the market leaders network. Our multifaceted approach as a media and content production company means that we can support both established and up-and-coming artists by offering unique and exciting opportunities. To have SONY/ATV/EMI on our side will help us to take our global artist development initiatives to a new level."
SONY/ATV/EMI (EUROPE) Pres. GUY MOOTSAID added, "We are extremely excited to be partnering with the Audio Portfolio arm of RED BULL MEDIA HOUSE in this administration deal."
Sony/ATV VP/International Acquisitions JANICE BROCK noted, "We are really happy to conclude this deal with RED BULL MEDIA HOUSE. RED BULL has long been on the forefront of championing young new bands and giving them the time to develop. They have built a powerhouse of a company which we are honoured to be in business with."