July 18, 2019

Haim Saban, Chairman of Saban Capital Group, announced he will invest $500 million into the music industry and partner with seasoned music executive Gustavo Lopez to lead Saban Music Group.

"Music has always been one of my life's greatest passions—shaping, influencing and motivating me on a daily basis," Mr. Saban said. "It is with great excitement that I re-enter the music business—not only as a businessman but as someone who is passionate about the art, dedicated to the development of worldwide artists and wants to provide world-class entertainment. I look forward to building this company with Gus and working with artists around the world to fully seize their international appeal."

"Saban Music Group is a Los Angeles-based record label with a worldwide view of the music industry, looking to capture the globalization of music and work with artists who have an international appeal," Mr. Lopez said. "This will be made possible with the help of Haim Saban, who truly understands the work and resources that go into fully developing artists and creating great music. I thank him for his support and partnership. The new Saban Music Group will have various pillars amongst them: Artists signed as partners to 360 models, an acquisitions arm and its own publishing entity."

As part of Mr. Lopez joining Saban Music Group, the company acquired Talento Uno's record label, management and publishing assets. Mr. Lopez founded Talento Uno Music in 2017 after serving as GM/EVP of Universal Music Latin Entertainment where he worked for 21 years.  While at Universal, Lopez founded leading Latin-urban label Machete Music and ran multiple labels including Fonovisa / Disa.

SMG also announced today the following artists have signed alliances with the company: Established hit making Israeli duo Static and Ben El; management of Colombian Reggaeton star Reykon who recently released "Latina" featuring Maluma; and French act Marie Monti, the label's first female international act.

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