Another catalogue of copyrights appears to be up for grabs, with news that respected US publisher Songs Music Publishing may be up for sale.
“According to sources, last year Songs produced just under $8 million in net publisher share, or gross profit, which in typical times would carry a 12 times multiple, or about $95 million,” reported Billboard.
“But lately copyright owners shopping music publishing asset have been looking for a 15 times multiple, and Songs is no exception.”
At a time when other independent music publishers are also considering sales, with major publishers mulling their options, Songs will need to prove its value. But with a roster including The Weeknd, Lorde and Diplo, its prospects appear rosy.