MUMBAI: Music major T-Series has entered into a strategic alliance with Reliance Entertainment's Big Music to handle distribution for the latter's catalogue.
Industry sources mention that the labels have entered into a minimum guarantee agreement, with T-Series acquiring the content and exploiting it till recovery and later the labels would share profits.
Sources add that digital and mobile entertainment company Hungama has also been roped in to form a consortium, in which T-Series will handle the music rights, Big Pictures the movie rights and Hungama will handle the projects digitally.
This partnership doesn't come as a surprise if we look at some recent Bollywood acquisitions. Some Bollywood production houses that were in talks with Big Music and were on the verge of inking a deal with the company, finally turned to sell the music rights to T-Series. These films include Dulha Mil Gaya and Kites, the movie rights of which lies with Big Pictures.
With this deal, T-Series which bags almost 75 per cent of Bollywood music acquisitions, strengthens its foothold in the industry. Big Music has its own publishing arm, Big Publishing, while T-Series cam under IMI's Public Performance License (PPL) for performances in August 2008, and Big Music handles it on its own.
MUMBAI: Music major T-Series has entered into a strategic alliance with Reliance Entertainment's Big Music to handle distribution for the latter's catalogue.
Industry sources mention that the labels have entered into a minimum guarantee agreement, with T-Series acquiring the content and exploiting it till recovery and later the labels would share profits.
Sources add that digital and mobile entertainment company Hungama has also been roped in to form a consortium, in which T-Series will handle the music rights, Big Pictures the movie rights and Hungama will handle the projects digitally.
This partnership doesn't come as a surprise if we look at some recent Bollywood acquisitions. Some Bollywood production houses that were in talks with Big Music and were on the verge of inking a deal with the company, finally turned to sell the music rights to T-Series. These films include Dulha Mil Gaya and Kites, the movie rights of which lies with Big Pictures.
With this deal, T-Series which bags almost 75 per cent of Bollywood music acquisitions, strengthens its foothold in the industry. Big Music has its own publishing arm, Big Publishing, while T-Series cam under IMI's Public Performance License (PPL) for performances in August 2008, and Big Music handles it on its own.
Hi Anita,
Great story. Its nice to see music companies and radio groups working together. This could be the starting point for Music labels and the Radio industry to reach at some sort of an agreement. In the end, they do have varied interest, but share a goal - popularizing music.
I hope to see more such healthy deals in the near future. It is best for Radio stations to sort out their content supplies and vice versa.
Good job.
you seem to forget their recent blockbuster - do knot disturb.......!!!!! and i remember right, they even tried some gimmick with selling it on pen drives...........lets see what t series does with such acquisitions....!!
its a great business deal. tseries handling music, big handling movie and hungama the digital end. tseries has come a big way, i remember gulshan kumar banking on his devotional music some years back. bhushan's leadership has revived the label and it is reaching great heights!
Its difficult to recollect any fat project that Big Music had anyway. Their only claim to fame was Rock On. Inspite of having a Big Daddy like Reliance i m curious to know why Big still couldn't make it BIG !!!!
impossible....this sounds more like a stunt by BIG reliance.....either that, or tseries is becoming BIGGer than reliance....sounds more like nice handshake between mr ambani and mr kumar
