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Business News Deals
LoveLive buys US counterpart
By Chris Cooke | Published on Wednesday 26 June 2013
UK-based music content company LoveLive has announced its acquisition of US-based media firm Show Cobra, fully expanding the business into the US market. Both companies have partnerships with brands and artists, and create programming, include live recordings and branded content, for various channels.
Confirming the deal, LoveLive CEO Richard Cohen told CMU: “The creative and business synergies with Show Cobra make it an ideal acquisition for LoveLive. The breadth and depth of the team’s exceptional capabilities to execute projects across formats, production and live streaming will be of huge benefit to our IP creation, ownership and exploitation worldwide”.
Referencing Show Cobra’s founder Jason Ross, Cohen continued: “Jason is one of the most progressive executive producers in the US and we’re confident that with him as our US President we can continue to pursue our vision to provide global audiences with the very best music experience. This marks a significant milestone and will be the perfect launch pad for further international expansion”.
Meanwhile Ross himself added: “The LoveLive and Show Cobra teams share the same passion for music and a highly complementary business ethos. Show Cobra’s content creation expertise and its sterling track record with artists and clients combined with LoveLive’s unique rights frameworks and distribution capability will position the group as one of the leading independent music specialists. LoveLive is innovating the music content space as we know it, and I am thrilled to be part of this new chapter”.
