While there's plenty of consternation around BMI's turn to a for-profit model and plans to sell, some in the business are recommending a wait-and-see approach.
The deal includes Redeye's in-house labels Yep Roc and Sundazed as well as its publishing company, Riff City Sounds.
The digital distribution, marketing, publishing and label services company joins Virgin Music Group, UMG's independent music division.
Also this week: Reservoir and PopArabia buy the RE Media catalog, Timbaland acquires a stake in lifestyle and vinyl brand 12on12 and more.
New Mountain Capital is buying the performance rights organization, sources tell Billboard.
Former Amazon and Sony executive Adam Block will lead the esteemed music photography gallery, which recently lost a location in the Maui fires.
The acquisition by Round Hill, which also purchased a stake in Big Loud Shirt founder Craig Wiseman's song rights, brings its ownership stake to 100%.
The German collective management organization added the Dutch company to its portfolio to better identify the music it needs to collect royalties on.
Absolute's leadership team will fully reacquire the company from Utopia, which has made three major divestments so far this year.
The Kering chairman is exploring the acquisition with CAA co-chairman Bryan Lourd at Allen & Company's annual media finance gathering in Sun Valley, Idaho.
