Saban Invests $500 Mil In New Label
Lopez remarked, “Saban Music Group is a Los Angeles-based record label with a worldwide view of the music industry, looking to capture the globalization of music and work with artists who have an international appeal. This will be made possible with the help of Haim Saban, who truly understands the work and resources that go into fully developing artists and creating great music. I thank him for his support and partnership. The new Saban Music Group will have various pillars amongst them: Artists signed as partners to 360 models, an acquisitions arm and its own publishing entity.”
Concurrent with Lopez joining Saban Music Group, the company has also acquired Talento Uno’s record label, management and publishing assets. Lopez founded Talento Uno Music in 2017 after serving as GM/EVP of Universal Music Latin Entertainment. During his 21 years at Universal, Lopez also founded leading Latin-Urban imprint Machete Music and ran multiple labels, including Fonovisa/Disa. SMG also announced the following artists have signed alliances with the company: hit-making Israeli duo Static and Ben El; management of Colombian Reggaeton star Reykon and French artist Marie Monti, the label’s first female international act.