Eagle Rock Entertainment Acquired By Universal Music Group
April 8, 2014 at 8:17 AM (PT)
UNIVERSAL MUSIC GROUP (UMG), has acquired UK-based EAGLE ROCK ENTERTAINMENT, an independent producer and distributor of music programming. The terms of the deal are not being disclosed. EAGLE ROCK Chairman/CEO TERRY SHAND will continue to lead the company from its headquarters in LONDON.
The deal adds to UMG's presence in one of the most dynamic and growing segments of music today: top-quality, original audio-visual content, such as live concert footage, documentaries and films. The addition of EAGLE ROCK's library, which includes nearly 2,000 hours of programming and more than 800 titles, enhances the value of UMG's catalog by broadening the product offerings associated with UMG's artists.
The addition of EAGLE ROCK's experienced team will assist UMG in producing video content and creating unique artist-based bundles in a variety of physical and digital formats, including on new and emerging mobile platforms.
UMG Chairman/CEO LUCIAN GRAINGE said: "As we continue UMG's transformation to a music-based content company, expanding our audio-visual catalog and production expertise is critical. We're thrilled to welcome TERRY and the EAGLE ROCK team to the UMG family. TERRY has built EAGLE ROCK into a world-class content company and a leading force in distributing top music-based audio-visual programming. "
SHAND added: "I am delighted to bring EAGLE ROCK into the UMG family and look forward to growing EAGLE ROCK in the coming years by producing more great content and benefiting from the digital revolution that is taking the audio-visual space by storm. I'd like to personally thank LUCIAN GRAINGE, BOYD MUIR and MAX HOLE for their vision and confidence, BERINGEA for their support over the last few years and GEOFF KEMPIN, SIMON HOSKEN and all the team at EAGLE ROCK for the tremendous work they have done to date and their dedication to the future."