UMPG, Saban Music Group Strike Global Admin Deal
Variety Staff Follow Us on TwitterSaban Music Group (SMG), the music company bearing the name of entertainment mogul Haim Saban, has entered into a global administration deal with Universal Music Publishing Group (UMPG), the companies announced today.Running SMG since its July 2019 launch is Gustavo Lopez, himself a Universal Music Group veteran. SMG’s artist and songwriter roster includes Israeli pop duo Static & Ben El, Mergui (Israel), Marie Monti (France), Chesca (Puerto Rico) and Reykon (Colombia), among others.Saban himself has made a $500 million commitment to fund SMG and invest in the acquisition of recording, publishing and management entities.