Rumors of a record sale from Allen Kovac’s Better Noise Music (BNM) record label have been circulating in the music industry for months.
Today (May 10), MBW can clarify exactly what happened, following confirmation from Better Noise Music CEO Dan Waite and President Steve Kline.
MBW confirmed Alan Kovacs Sell 50% In 2022, the rock label handed over 20-year-old albums to Raven Capital.
Sources close to the deal told MBW the acquisition price was “around $100 million.”
Kovac’s advisors on this transaction were Tim Mandelbaum and law firm Fox Rothschild And by RBC Bank, Royal Bank of Canada.
Sale 50% Titles in the BNM catalog include “Awo Nation”, “Cockroach Dad”, “Escape from Fate”, “Buck Cherry”, “Human”, “Bad Wolf”, “Dirty Head”, “Drowning Pool”, “Hell”, “Nico” Vega, “Cold”, “Attica Riots”as well as other deeper catalog albums in BNM’s history.
Catalog albums sold are now represented by endurance music groupowned by Raven and headquartered in Nashville.
Raven deal entirely separate from sale managed by Kovac Motley Cruise Mastering to BMG in 2021 for about the same price. (BMG called the deal its “largest single catalog acquisition” at the time, suggesting the deal was worth about $90 million.)
What happens to this windfall now? Kovac’s Dealing with Crow Capital?
according to Waite and Kleina significant portion of this money has been and is being reinvested in better noise Create a modern global footprint for the brand.
Dan WaiteBank Negara’s chief executive said: “Half of the better noise music The 2022 catalog means many of our acquisition and expansion ambitions can now be realized.
“Many of our acquisition and expansion ambitions are now possible… We have the financial strength to market and promote globally, both in the U.S. and internationally, that large businesses expect.”
Dan Waite “Better Noise”
“With hard rock and alternative music deals coming to an end at other labels, better noise music is becoming the natural home for performers who want “big label” results, indie label sensibilities and attention to detail.
“We have the deep pockets to do the global marketing and promotions expected of a major event in the U.S. and international markets.”
Chief Financial Officer, Bank Negara Malaysia, Haris Masood” Added: “The sale provides funds to collaboratively expand BNM’s global staff and acquire additional brands and catalogues. At the same time, it allows BNM to retain all A-list artists, active A-list albums from our current artists, and our most recent catalog titles, so 50% of the catalog remains in-house, a number that grows every year as new releases are released.
Alan Kovacs Last year, he was promoted from executive to chairman of the New York-based national bank; Dan Waite Promoted to the position of CEO while also Steve Klein Appointed President and concurrently Chief Operating Officer.
at the same time, national bank Continued success in American hard rock and alternative music.
The label currently has 3 top 15 tracks (and 2 top 10 tracks) Active Rock Media Library Radio chart: If it doesn’t hurt That’s all (No.3), this is how By Five Finger Death Punch feat. DMX (size 6), plus barely breathing Author: “From Ashes to New” (No.11).
(In the week ended April 22, Bank Negara held four of the top 15 spots on this chart, including dark void By asking Alexander.
Additionally, National Bank said it is the longest-lasting No. 1 on the global circuit. Media Library Alternative Radio Charts 2023 help me dirty head while this is how (Courtesy of FFDP and DMX) Recently in Billboard’s Hard Rock Digital Song Sales chart.
Steve Klein“Better Noise Music has been the No. 1 year-over-year label among Billboard’s hard rock brands and has been the No. 1 Active Rock Radio label for five of the last six years,” said BNM President and Chief Operating Officer.
“Better Noise Music has been the No. 1 label on Billboard’s Hard Rock label chart for many years and has been the No. 1 label on Active Rock Radio for five of the past six years.”
Steve Kline “Better Noise”
“We’re developing Funeral Portrait and will break them down like we did on Nothing More, Bad Wolves and From Ashes to New, and we’ll continue to develop established shows like Ask Alexandria, gave them their first two number one singles in their long career.
“We are delighted to announce further new signings later in 2024”
Kline is a member of the advisory board of A2IM, the American independent record company organization, and Waite is a member of the management committee of IMPALA, the European independent record company organization, both of whom keep BNM closely connected with digital innovation in global business.global music business
