Common Music Group is poised to open its first Capitol Studios outdoors of Hollywood, plus stay efficiency areas, music training academies and a brand new report label, as a part of a collaboration with DGMC within the burgeoning music hub of the United Arab Emirates.
UMG and DGMC, a UAE-based music group, will work collectively to construct what’s described as a “Music Metropolis” that may function a regional hub for each native and world recording artists and songwriters within the fast-growing Center East and North Africa (MENA) area. The deliberate studios will embody all the newest accoutrement, together with a Dolby Atmos mixing room, state-of-the-art recording tools and rehearsal rooms for artists and writers. The label can be a three way partnership between the 2 firms and can work to show native artists into world stars.
“At its coronary heart, the UMG-DGMC partnership’s purpose is to assist and nurture gifted artists and songwriters within the area and assist them attain their full artistic and business potential,” the businesses stated in a joint announcement on Monday (Feb. 12).
The tie-up follows on the heels of UMG’s acquisition of UAE-based music firm Chabaka late final summer season to turn into a part of Virgin Music Group. An more and more engaging area for music mergers and acquisitions, MENA had the very best development price of any world area in 2021 and the third-fastest development — 23.8% — in 2022, in response to the IFPI.
“We have now lengthy acknowledged the potential within the Center East, and are extremely proud to be working with world-class companions like DGMC,” stated Adam Granite, government vp of market improvement for UMG. “We share their pleasure and imaginative and prescient to harness this potential and nurture the subsequent technology of recording artists and songwriters. Our partnership will create a strong platform for the unimaginable expertise within the area and speed up their careers at residence and overseas.”
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