Photo: uncredited

Universal Music Purchases Elvis Presley Catalogue

Elvis Presley’s back catalogue of music has been acquired in a deal between Authentic Brands Group, the owner of Elvis Presley Enterprises, and Universal Music Publishing Group (UMPG).

Though specific terms of the contract have not been disclosed, Universal and Authentic now have exclusive rights to represent Elvis’s music globally, except in the U.K.A

In a statement about the deal, Marc Cimino, chief operating officer, said “Elvis Presley has had an unprecedented and lasting global impact on music and pop culture.” Annd referring to chairman and chief executive officer Jody Gerson, Marc continued, “Jody Gerson and I, along with UMPG’s teams around the world, couldn’t be more excited and honored to work with ABG in making sure that Elvis’ iconic legacy endures for generations to come.”

The latest music catalogue sales news comes in the lead up to the release of Baz Luhrmann’s biographical drama, Elvis, the film starring Austin Butler and Tom Hanks that’s set to premiere at the Cannes Film Festival in May. 

“(This year) is shaping up to be a banner year for Elvis, highlighted by the highly-anticipated theatrical release this June of Elvis directed by Baz Luhrmann, as well as the debut of Netflix’s upcoming animated action series Agent King,” added ABG President of Entertainment Marc Rosen. “We are honoured to work in partnership with UMPG as guardians of Elvis’s incomparable catalogue, bringing his music and cultural influence to audiences around the world.”

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Author: Al Denté

Photo: uncredited