Nettwerk Music Group Acquires Belgium-Based Megadisc NV Catalog
December 1, 2015 at 1:39 PM (PT)
NETTWERK MUSIC GROUP has acquired the catalog of music copyrights controlled by GENT, BELGIUM-based independent music company MEGADISC NV, which controls recordings and publishing copyrights from such artists as GABRIEL RIO, BUFFALO TOM, NEEKA, MATHILDE SANTING and ELISA WAUT, among others.
This acquisition is the first under NETTWERK’s new partnership with SWEDISH industry veterans TORBJORN STEN and HASSE BREITHOLTZ, which operates under the NETTWERK MUSIC GROUP umbrella with a focus on acquiring and bringing increased value to master catalogs across EUROPE.
NETTWERK MUSIC GROUP MD BLAIR McDONALD commented, “We’re delighted to be working with TORBJORN and HASSE. Their understanding of the EUROPEAN record business and the opportunities presented in the developing digital marketplace make a very exciting prospect. The acquisition of the MEGADISC catalog is the perfect start.”
MEGADISC owner RIC URMEL built his company over 35 years with such gold and platinum acts as NOVASTAR, ZITA SWOON, STARFLAM and GABRIEL RIOS, and also discovered BOSTON-based band BUFFALO TOM. He now focuses more of his time in the art world, but commented: “I do not see the sale of my catalog as an end, but rather a new beginning, and feel very comfortable leaving these unique recordings in the capable hands of genuine music lovers like TORBJORN and HASSE. And if the industry doesn't mind, I now would like to join my good old friend IVO WATTS-RUSSELL on his mountaintop in NEW MEXICO.”
TORBJORN STEN added: “It´s an honor to work with the magnificent MEGADISC catalog. What RIC URMEL, together with his artists, created during the years is fantastic.”