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The sale was negotiated by the director of Fleetwood Carl Stubner of the Shelter Music Group.
“This is a wonderfully inspiring marriage between two creative partners who understand all aspects of the business,” Fleetwood said in a statement. “Above all else, BMG understands art and puts the artist first. If this partnership is any indication of my past, and now future, working relationship with BMG, it’s because they really ‘get it.’
Today’s deal strengthens Fleetwood’s existing relationship with BMG, which owns theatrical, record and mediabook release rights for the 2020 All-Star concert Mick Fleetwood and his friends, who celebrated Fleetwood Mac founder guitarist Peter Green and the band’s early years.
“Mick Fleetwood is the foundation of one of the greatest rock bands, he has a unique talent for bringing together musicians of all genres and of course he is one of the greatest drummers in rock,” said the CEO by BMG. Hartwig masuch in a report. “BMG is proud to represent its greatest work and excited about the upcoming launch of Mick Fleetwood and his friends. “
“This acquisition highlights the value of timeless recordings in a streaming market that increasingly benefits established artists rather than new artists,” added the Executive Vice President of BMG Group Strategy and M&A Justus haerder. “While recent acquisition activity in the music market has focused on music publishing, this is a purely recorded investment that will fully benefit from the growth of streaming. Catalogs like Fleetwood Mac, which connect with every generation, benefit disproportionately from this growth. “
The sale of the rights to recorded music from Fleetwood marks the third time in less than two months that a member of Fleetwood Mac has sold some or all of its catalogs to music companies hungry for acquisitions. In December, Stevie Nicks entered into a large-scale partnership with Primary Wave that included a joint venture agreement and the sale of a controlling stake in its publishing copyright. Earlier this month, Lindsey Buckingham sold 100% of her writer and publisher’s share of her catalog of 161 songs to Hipgnosis.
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