QUICK HITS: New Mountain completes BMI deal • Horus adds music publishing • Disco Donnie turns 30 • Believe adds PLAYCODE
Private equity investor New Mountain Capital has completed its acquisition of the formerly non-profit performance rights organization Broadcast Music Inc.
Details of the deal were not disclosed, but as part of the deal, BMI will distribute $100 million from the sale to its affiliated songwriters and music publishers.
“Our partnership with New Mountain charts an incredibly exciting new course for BMI and our songwriters, composers, and publishers,” said Mike O’Neill, who will remain President & CEO of BMI. “New Mountain shares our vision to build value for our affiliates and invest in their future success. With their support, advanced level of innovation, and resources, we are now in the best possible position to accelerate our growth plan and explore new opportunities to benefit our creative community.”
• Independent digital music distributor Horus Music has officially launched Horus Music Publishing, a
music publishing administrative service open to any songwriter or publishing rights holder.
The expansion allows the 17-year-old company to enable users to handle their distribution and
publishing needs right within their bespoke ‘My Client Zone’ technology and to form direct partnerships with key PROs globally.
• James “Disco” Donnie Estopinal, the visionary founder of concert promoter Disco Productions, has announced major transformations as the company gears up to celebrate its 30th Anniversary, including a rebrand as Disco Events.
“My team is giving me the boot,” says Estopinal. “and we will change the name. Jokes on them, I’m not going anywhere, but what we have built is bigger than just me now, and it deserves a name that exemplifies that. We’re excited for a fresh start and heading into our biggest years ahead.”
• Digital music conglomerate Believe has added ‘PLAYCODE,’ a new imprint dedicated to championing the growing Japanese hip-hop music scene, including partnering with some of Japan’s leading acts: ¥ellow Bucks, Red Eye, and Issei Uno Fifth.
This launch marks a new step in Believe’s expansion in Japan, less than a year since it began operating in the country.