Jet's Catalogue Deal with BMG: A Landmark Music Investment

In a significant move for the music industry, the iconic British-American rock band, Jet, announced the sale of their music catalog to BMG. The financial details of the deal were not disclosed. (Source)

Founded in 2001 in Melbourne, Australia, Jet gained international recognition with their debut album, "Get Born," which featured the hit singles "Are You Gonna Be My Girl" and "Cold Hard Bitch." The band's success continued with their follow-up albums, "Shine On" and "Shaka Rock."

The sale of Jet's music catalog marks a growing trend in the music industry, as artists and record labels look to capitalize on the value of their intellectual property. Music catalogs, which include the rights to recordings, compositions, and publishing, have become increasingly attractive assets for investors.

According to the Music Business Worldwide article, BMG's acquisition of Jet's catalog is part of a larger strategy to expand its presence in the Australian market. BMG already represents a number of Australian artists, including Tame Impala and Courtney Barnett.

Music catalog investments can take various forms, including outright purchases, income streams, and royalties. The specifics of each deal depend on the types of music rights involved, including recording rights, publishing rights, and mechanical rights.

Music rights societies, such as ASCAP, BMI, and SESAC, play a crucial role in the administration and collection of music royalties. These organizations help ensure that artists and rights holders receive fair compensation for the use of their music.

Who owns the right to music and how it works can be complex issues. Music rights can be transferred, licensed, and sold, and the specifics of each transaction depend on various factors, including the terms of the original recording or publishing contract, copyright law, and the specifics of the deal.

For more information on music catalog investments and the music industry, check out the following resources:

(Source) (Source) (Source) (Source)

Stay up to date.
Join our newsletter.