Nettwerk Music Group Acquires Master Recordings Catalogs For Guster, The LeeVees And Airbourne From Warner Music Group
September 28, 2016 at 12:19 PM (PT)
NETTWERK MUSIC GROUP has acquired from WARNER MUSIC GROUP the worldwide rights to the master catalogs of GUSTER, THE LEEVEES and AIRBOURNE as part of the divestment agreement between WARNER, IMPALA and MERLIN.
The announcement follows the news of NETTWERK’s sale of a large majority of its publishing catalog to KMC, an investment fund advised and managed by KOBALT (NET NEWS 7/25).
NETTWERK President/COO SIMON MORTIMER-LAMB noted: “The acquisition is an example of how NETTWERK is putting the proceeds from the publishing catalog sale to work, aggressively investing in and growing a roster of elite artists that share our vision of the music industry. Both GUSTER and AIRBOURNE have been long-term partners with NETTWERK, and both have had built successful careers by writing great songs and engaging powerfully with fans. We are very pleased to expand our relationships with these acts through the acquisition of these stellar master recordings.”
GUSTER has been a longtime NETTWERK MANAGEMENT client, along with THE LEEVEES, a side project from GUSTER’s ADAM GARDNER. Most recently, NETTWERK and GUSTER expanded their relationship, releasing the band’s 2015 album, "Evermotion." AIRBOURNE is a former NETTWERK publishing client.
Added NETTWERK Chairman/CEO TERRY McBRIDE: “We are very excited to bring these catalogs into the NETTWERK family. We see incredible value going forward in both the quality of the catalogs, and we are enthusiastic to deepen our partnership with such a hard-working and active group of artists. In particular, we congratulate AIRBOURNE on their upcoming release of the album 'Breakin’ Outta Hell' and are looking forward to planning future releases with GUSTER.”