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Business News Deals Labels & Publishers
Universal extends Disney partnership
By Chris Cooke | Published on Thursday 21 March 2013
Universal Music yesterday announced an expansion of its ongoing relationship with the Disney Music Group, which includes Hollywood Records, Walt Disney Records and Disney Music Publishing.
The new “long-term global commercial and creative agreement” will see the two businesses work more closely together in various ways, especially on a creative level, most likely to involve pop acts signed to Disney labels collaborating with songwriters and producers represented by various parts of the Universal Music empire.
Confirming the new arrangement, Universal Music top dog Lucian Grainge told CMU: “We are delighted to take our successful and long-standing relationship with Disney to the next level. Providing access to our creative resources on a global scale, this new agreement takes our relationship with Disney beyond simply the commercial and fosters collaboration on a musical level”.
Meanwhile Disney Music Group top, erm, mouse Ken Blunt added: “Universal Music Group has been a valuable and trusted collaborator of the Disney Music Group for over eighteen years. And we are excited to expand our association to bring greater collaboration and strategic planning to our collective businesses”.
