MUMBAI: Bug Music, Inc. (“Bug Music”), one of the world’s largest independent music publishers, and Saban Capital Group, Inc. (“SCG”), a private investment firm specializing in the media, entertainment and communications industries, announced today that Bug Music has acquired the worldwide rights to the Saban Music Group’s (“SMG”) extensive music publishing catalog.
With this transaction, Bug Music will control the worldwide rights to SMG’s complete music library and further the company’s strategy of acquiring high-profile music copyrights licensable across multiple media platforms, while strengthening its core assets and processes in the worldwide television and film markets. The extensive purchased catalog includes material from leading children’s franchises such as the Mighty Morphin Power Rangers(TM), Digimon(TM), The Addams Family(TM) Reunion, Teenage Mutant Ninja Turtles: The Next Generation, Princess Sissi and Walter Melon properties, and encompasses a slate of theme songs, cues and scores from more than 90 television series, 3,700 television episodes and 100 made-for-television films and specials.
Following Saban Capital Group, Inc.’s (SMG’s parent company) recent acquisition of the Mighty Morphin Power Rangers(TM) property, Bug Music sees significant growth opportunities in the newly acquired catalog.
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“Bug is focused on opportunities that provide growth for the company, as well as best practices for our film and TV clients across the world,” John Rudolph, CEO of Bug Music, said. “This deal falls in line with our goals and will benefit our clients in real returns. The excellent work of the Saban team in managing the catalog and completing the deal has made the transition seamless.”
“We are delighted that we have found the ideal home for our music library,” commented Fred Gluckman, Senior Vice President and Chief Financial Officer. “We are particularly excited by the abilities of John and his team to enhance the value of the catalog as part of their growing platform of assets.”
SMG was created to acquire and develop properties in the music publishing and television music copyrights sectors, building on the television catalog originated by Haim Saban’s days as the producer of the Power Rangers, Spiderman and many other hit children’s properties.
