By Ian Walker

Universal Music Group is buying U.K.-based South Asian record label Oriental Star Agencies' catalog for an undisclosed sum, as part of its global growth plan.

The record label behind the Weeknd, Billie Eilish and Taylor Swift said Thursday that the deal includes all of the label's recordings and where held, publishing rights.

The catalog comprises approximately 18,000 songs, concert and video recordings.

"The acquisition complements UMG's current service offering and will help drive momentum for the South Asian music market, enabling local artists to reach the largest possible audience in the global community," the company said.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 04, 2024 08:44 ET (13:44 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.
Grafico Azioni Universal Music Group NV (EU:UMG)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Universal Music Group NV
Grafico Azioni Universal Music Group NV (EU:UMG)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Universal Music Group NV