Grammy-winning producer Greg Wells sells catalog to Beyond Music in South Korea

Based in Seoul Beyond the musicwhich claims to be the largest music IP asset management company in Asia, has acquired the music catalog of Grammy-winning producer/composer Greg Wells.

well has produced and written songs with artists like AdeleTaylor Swift, John Legend, Dua Lipa, Quincy Jones and Katy Perry, among many others.

According to a press release issued on Wednesday (December 14th), the acquisition, which was carried out by the American branch of Beyond Music, is presented by the company as the first time that a Korean company has directly acquired a North American music catalog since BTS. . ‘HYBE label acquired Ithaca Holdings from Scooter Braun in 2021.

Beyond Music says acquiring Wells’ catalog is part of its strategy to “accelerate its growth become a global music rights management company.

Beyond notes in its press release that Wells’ catalog includes songs from albums that have sold over 130 million copies, earning him five Grammy nominations and one award.

The catalog includes works such as Adele’s The one and only (from multi-platinum 21 album), by John Legend never break (which Wells mixed, played piano, co-wrote and co-produced for Legend’s Grammy Best R&B Album A greater love), by Dua Lipa Gardenby OneRepublic Apologize (producing both the original and the Timbaland remix), Katy Perry’s Cozy little Christmasand twenty one pilots car radio as well as hits for Celine Dion (her chart-topping European single The reason) and Taylor Swift (Golden Globe and Grammy nominee golden ghosts of “Cats”).

The Ontario-born producer, now based in Los Angeles, won a Grammy Award for Best Compilation Soundtrack for Visual Media for his production and mixing work on the chart. The Greatest Showman: Original Motion Picture Soundtrack.

He also earned a nomination in the same category for In the heights with Lin Manual-Miranda, Alex Lacamoire and Bill Sherman.

Her other nominations include Album of the Year for her work on Katy Perry’s teenage dream and one for Best Musical Theater Album for Cinderella by Andrew Lloyd Webber.

In June, Beyond Music, which manages 300 billion South Korean won ($230 million) in assets, said that he wants to “conquer the global music intellectual property market”.

Beyond Music previously targeted 1 trillion won in assets under management by the end of the year. To achieve this goal, it embarked on a wave of acquisitions, but especially in Asia.

The company’s other recent acquisitions include Korean company KNC Music, which it bought for 46.6 billion South Korean won in May 2021; FNC Investment, a unit of Korean company FNC Entertainment, for 47 billion South Korean won; and the “total volume of music neighboring copyrights” held by South Korean record label and management company Interpark Music for over 50 billion South Kora Won.

In September, CT Investments, a division of Beyond Music’s parent company, Contents Technology, launch an Exchange Traded Fund (ETF) in the United States to enable investors to support K-pop entertainment companies.

CT Investments has launched the KPOP and Korean Entertainment ETF on the NYSE Arca exchange, which began trading on Thursday, September 1 under the symbol KPOP.

“The time has come to become a global music rights management company by securing not only Asian music rights, but also international ones.”

Jangwon Lee, Beyond Music

Commenting on the Wells acquisition, Beyond Music CEO Jangwon Lee said, “Now is the time to become a global music rights management company by securing not only Asian but also international music rights.

“We will continue to be a game-changer in the market and create positive synergy through close cooperation with media and entertainment companies for industry growth.”

“It is indeed an honor to be the first major music catalog acquisition for Beyond outside of the Korean market.”

Greg Wells

Wells added, “It is indeed an honor to be the first major music catalog acquisition for Beyond outside of the Korean market.

“I am impressed with their commitment to creative freedom as well as maximizing the impact of my songs. I feel my work is in good hands with them.

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