BMG now owns the publishing rights to ’90s smash Macarena after acquiring the music catalogues of publishing companies Nova and Lirics & Music from Spanish-language radio group, PRISA Radio.
Released in 1996, Macarena sold more than 4 million copies in the US alone and spent 14 weeks on Billboard’s Hot 100.
Other songs that now join BMG’s roster include a number of other ’80s and ’90s Spanish pop tunes as well as recent titles.
According to BMG CEO Hartwig Masuch (pictured), the deal is a reflection of plans to build the strength of his company in Spain and represents a “long-term commitment” to the Spanish and Latin American markets.
He added: “We are delighted to further build the strength of BMG in Spain with the acquisition of the Nova and Lirics & Music catalogues.
“Our investment in these classics of spanish language music is a reflection of our long-term commitment to creating a truly international music company.”
Hartwig Masuch, BMG
“Our investment in these classics of Spanish language music is a reflection of our long-term commitment both to the Spanish and Latin American markets and to creating a truly international music company. We look forward to further developing our relationship with PRISA.”
Daniela Bosé, Managing Director of BMG Spain and Portugal, commented, “This acquisition is a milestone for BMG as it builds its position as one of the most significant music companies in the Spanish language market.
“In recent years we have reached agreements with writers such as Pablo Alborán, Miguel Bosé, Macaco and Nacho Cano and are also investing in new and emerging talent.
“These two historic catalogues will further build our presence in the market.”Music Business Worldwide