Hamburg’s ROBA Music Publishing and the AP Music Royalties Fund have introduced their acquisition of GERIG, which execs say “consists of greater than 20 owned and administered music publishers” in addition to some 30,000 compositions and “1000’s” of masters.
ROBA Music Publishing reached out to Digital Music Information with phrase of the buyout at this time. Based 53 years again, ROBA payments itself as “the perfect dwelling for songwriters, repertoire house owners and artists within the digital age,” with its web site displaying publishing companions together with Reservoir Media and Spherical Hill Music.
The AP Music Royalties Fund, for its half, seems to be based mostly in Liechtenstein and, regardless of receiving solely a point out within the formal launch, presumably fronted a portion of the capital wanted to finish the acquisition, which ROBA informed us value between €10 million and €20 million.
In any occasion, GERIG was “for a lot of many years” Germany’s main writer, in keeping with the customer, and “took over one of many two music publishers of the previous GDR ‘Harth Musikverlag’” (actually “onerous music writer”) after the nation’s reunification.
Furthermore, ROBA already possesses the opposite of those publishers, that means that the acquisition “will deliver virtually 100% of all of the music from this period to ROBA,” the enterprise indicated. GERIG can be stated to signify “the most important hits from the Oktoberfest and many of the German carnival and celebration songs.”
These GERIG carnival and celebration songs embrace “Drink doch eine met,” “Mer Losse der Dom In Kölle,” “Johnny Däpp,” and “Heute fährt die 18 bis nach Istanbul,” ROBA disclosed, mentioning additionally “evergreen” works resembling “Hey Child,” “A Banda,” “Immer wieder Sonntags,” and “Pigalle,” to call just a few.
Lastly, concerning the newly bought firm’s attain, German-speaking artists like Freddy Quinn (159,000 month-to-month listeners on Spotify), Peter Alexander (188,000 month-to-month Spotify listeners), Nina Hagen (261,000 month-to-month listeners), and Jürgen Drews (845,000 month-to-month listeners), amongst many others, have launched renditions of GERIG tracks.
ROBA’s acquisition of GERIG arrives about one week after BMG introduced plans to purchase Telamo, a decade-old indie label.
BMG didn’t determine the transaction’s monetary specifics, however did relay that the play marked its largest label acquisition since a 2017 deal for Nashville’s BBR Music Group. The Bertelsmann subsidiary touted Telamo’s specific presence in Schlager music, which is claimed to be extra fashionable in Germany (by market share) than rock in addition to dance.
And at this time, Berlin’s Federal Music Trade Affiliation (BVMI) revealed that the German music trade had generated €967 million throughout the first half of 2022, representing a 5.5 p.c year-over-year enhance. Streaming accounted for practically three-quarters of the entire, the group said.