Saban Inks Alliance With UMG, Caroline
• Saban Music Group (SMG), a music company backed by worldwide entertainment industry pioneer Haim Saban, announces a global distribution and marketing agreement with Universal Music Group (UMG). SMG will be distributed in the U.S. by Caroline, the independent distribution and label services arm of Capitol Music Group, and work in tandem with Caroline International and UMG’s Santa Monica-based central services team for all other territories.
“Haim has a proven track record of creating world-class entertainment,” said Sir Lucian Grainge, UMG’s Chairman & CEO. “We’re looking forward to working with his team at Saban Music to bring groundbreaking new artists and music to fans around the globe.” Saban remarked, “Sir Lucian has built the No. 1 music company in the world with an unprecedented streak of artist development. There is no better home for our artists and their music.”
The partnership officially kicks off on Friday, January 10 with the release of “Further Up,” an Urban/Dance club hit from superstar duo Static & Ben El, featuring Pitbull.
Spearheaded by industry veteran Gustavo Lopez, SMG has been signing artists and developing content for the global music audiences since its launch announcement in July 2019. The music entertainment firm is committed to providing resources for both local as well international artists through its 360 model. Commenting on this new partnership with UMG, Lopez notes, “It’s exciting to once again work with UMG, my home for more than 20 years. We’re looking forward to working with Sir Lucian’s record-breaking and industry-leading teams.”
As part of its overall growth strategy, Haim Saban’s $500 million commitment to SMG includes the future acquisition of recording, publishing and management entities.
