Music Industry Moves: Sony to Acquire Som Livre for $250 Million; Andrew Gould Joins Roc Nation Publishing

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Sony Music Entertainment is paying $250 million to acquire Brazilian indie Som Livre, home to such artists as Marilia Mendonça, Jorge & Mateus, Wesley Safadão, Lexa, Israel & Rodolffo, Dudu MC, Filipe Ret and Grupo Menos é Mais, among others.

, home to such artists as Marilia Mendonça, Jorge & Mateus, Wesley Safadão, Lexa, Israel & Rodolffo, Dudu MC, Filipe Ret and Grupo Menos é Mais, among others. The company, under CEO Marcelo Soares, will operate as a stand-alone within Sony Music and continue to sign, develop and market its own roster.

“We are delighted to be investing in Som Livre and expanding our existing relationship with this special company,” said, chairman of Sony Music Group, in announcing the deal . “Brazil is one of the most dynamic and competitive growing music markets in the world and we will provide huge opportunities for creators through our shared vision.”

Added Soares: “Som Livre has had a great 50-year run as a Globo company. Globo’s support was key to the growth of Som Livre, especially during the last decade when we built the business to what it is today. When facing the future now and seeing all the opportunities ahead, it is very exciting to know that we’ll have Sony Music with us. We are once again in the right place to allow the best possibilities of career development for our artists and employees.

Warner Chappell Music President of A&R, U.S., Ryan Press , said: “We’ve been lucky enough to be on this incredible journey with Saweetie since the very beginning. We’re in the business of taking early bets on artists and helping develop them into global sensations, and that’s exactly the trajectory Saweetie is on. She’s well on her way to becoming the next big female breakout star, and we’re so proud to be able to continue to support her.

Saweetie added: “Ryan and the whole Warner Chappell team have become family over the years. It’s amazing to look back at everything we’ve accomplished together, and I’m excited for this next chapter.”Mechanical Licensing Collective has announced the addition of three new members to its leadership team, with

 

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Dudu Mc brabo !!!

Brasil 🇧🇷

Dudu mc is the best among these. The man play easy

Som Livre is definitely not an indie studio...

What does indie mean to you?

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