Warner Music Acquires Catalog Of Leading Indonesian Recorded Music Group ISS
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Warner Music Group (WMG) has signed a deal to acquire the catalog of leading Indonesian independent recorded music group PT Indo Semar Sakti (ISS). ISS was founded in 1974 and its constituent record labels included in the deal are Aruna, Billboard, Bulletin and Granada Records. Their combined rosters cover thousands of songs and include more than 40 local superstars from the 1970s, 1980s and 1990s.
Today’s deal will enable this rich catalog from legendary local artists including 2D, Kris Biantoro, 3 Dara, Rien Djamain, Chris Kaihatu, Ermy Kullit, Utha Likumahua, Ita Purnamasari, Paramitha Rusady, Margi Segers, Yuni Shara, Cici Sumiati, Lilis Suryani, Bob Tutupoly and Johan Untung to be digitized for the first time.
The move will add to WMG’s existing operations in Indonesia, the world’s fourth most populous country and a fast-growing music market. Recorded music industry revenues in the country climbed by 24.2 per cent in 2015, driven by digital growth of almost 70 per cent (IFPI).
This latest acquisition further expands WMG’s reach in Asia, as did the purchase, in April 2014, of the artist roster and recorded music catalog of Gold Typhoon Group, one of the largest independent music companies in China.
Simon Robson, President, Warner Music Asia, adds: “Digital technology is opening up incredible opportunities in Indonesia, where previously piracy hindered our ability to invest in local music. This deal strengthens our position there, enabling us to help preserve Indonesia’s strong musical heritage by bringing this incredible repertoire to new generations of music fans.”
Stu Bergen, CEO, International and Global Commercial Services for Warner Music Group, says: “The world is full of possibility for musical talent and, wherever there is a vibrant, viable local music market, we are looking to expand WMG’s ability to develop artists’ careers. This deal will enable us to create new opportunities for artists in Indonesia and extend our reach in Asia, underscoring our determination to accelerate our global growth.”
Source: Warner Music
