Global independent music publisher The Music Sales Group announced the sale of its physical and online printed music and Musicroom-branded retail businesses to Milwaukee-based worldwide music print publisher Hal Leonard LLC on 4 April 2018.
In addition, The Music Sales Group and Hal Leonard will continue to work together in the future by entering into a global licensing agreement to represent and exploit Music Sales’ copyrights in print.
Commenting on the deal, Music Sales’ Chairman, Robert Wise, said:
‘Printed music has played a special role in the long history of Music Sales, but our direction of travel has been very clear in recent years as we continue the expansion of our portfolio of copyrights in all styles and genres across the world. In making this deal it was important for us to find the right buyer and we are confident that Keith Mardak and his team at Hal Leonard will do a great job with this business in the future.’
Hal Leonard Chairman, Keith Mardak, said:
‘We’ve had a long and rewarding relationship with Music Sales over the years and we look forward to that continuing into the future. Bob Wise has built an incredible printed music business and we feel privileged to be the new custodians of his many years of hard work. Mark Mumford, the Managing Director of Hal Leonard in Europe, will oversee the integration of the two companies in Europe.’