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. “I am thrilled about this new venture,” said Saban. “Innovation requires.
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