Alfred Publishing to Acquire Warner Bros. Publications
December 25, 2004Alfred Publishing has reached an agreement to purchase Warner Bros. Publications, one
of the world's largest publishers of printed music, from Warner Music
Group. Alfred maintains
offices in the U.S., the U.K., Germany, Singapore and Australia. Warner Bros. Publications prints and distributes a broad selection of
sheet music, books and educational materials, folios, orchestrations and
arrangements as well as tutorials and methods.
Under the agreement, Alfred Publishing will acquire the entire Warner
Bros. Publications business which is based in Miami, Florida and in the
U.K. In addition, Alfred will enter into a long-term exclusive license
agreement with Warner Music Group's Warner/Chappell music publishing
division under which Alfred will have the right to continue to print and
distribute editions of musical compositions administered by
Warner/Chappell.
Warner/Chappell, one of the world's leading music publishers, remains a
division of Warner Music Group. In addition, Word Music, the print
music business of WMG's Word Entertainment, is not included in the sale.
Completion of the transaction is subject to customary closing
conditions. The transaction has already been cleared under the
Hart-Scott-Rodino Act.
For more information, visit their web sites at www.alfred.com and www.wmg.com. |
