The company’s assets include Bogotá festivals Estéreo Picnic, Baum Festival and Knotfest Colombia.
The acquisition includes a royalty income stream of select recorded music assets, including the Billboard Hot 100 No. 1 hits "Hot in Herre" and "Dilemma."
A consortium of buyers led by Sherrese Clarke Soares joins a pool of bidders for the Paramount network, including Tyler Perry and Byron Allen.
The Neon16 and Ntertain Latin music moguls rebrand the Arro agency as AM16.
The deal, which also encompasses elements of McAnally's master royalties, includes a global admin agreement for SMACKSongs and SMACKBlue.
Also this week: Sony Music Masterworks invests in live events producer Proactiv, music collaboration platform boombox.io raises funds and more.
Also this week: Seeker Music acquires the catalog of Go-Go's member Charlotte Caffey, 300 Entertainment launches label JV with Remain Solid and more.
Lior Tibon and Christopher Nolte's new venture will provide funding in exchange for catalogs, individual tracks or parts of tracks.
The deal, which could give equity to the artist, involves the 60% stake controlled by the company’s Venezuelan founder, Rafael Ricardo Jiménez Dan.
Also this week: Snapchat reaches new music licensing deals, Young Miko's label signs a distribution pact with Capitol Music Group and more.
