×
You will be redirected back to your article in seconds

Entertainment One Acquires U.K.’s Audio Network for $215 Million

Entertainment One has acquired U.K.-based independent music brand Audio Network, the two companies announced Thursday. The deal, worth $215 million, gives eOne full ownership of the independent music creator, publisher and licensor, which specializes in high-quality music for use in film, TV, advertising and digital media.

Audio Network operates in nine countries: the U.S., U.K., France, Germany, Spain, Italy, Portugal, Australia and Japan. It boasts more than 150,000 wholly owned music tracks across all genres, representing more than 1,000 artists, composers and producers.

“As we continue to unlock the power and value of creativity for artists, we are very pleased to welcome Audio Network, whose passionate management team and ambition align entirely with ours,” said eOne president and CEO Darren Throop. “The combination of eOne’s front-end commercial artist catalogue and Audio Network’s extensive premium production music creates a one-stop solution for business customers seeking high-quality music.”

Throop said the deal would “significantly bolster” eOne’s capabilities in the music business.

Audio Network’s founder and chairman Andrew Sunnucks and CEO Rob Smith will remain with the company alongside its existing executive management team. “In joining eOne, we are becoming part of an incredible global entertainment family and will have the continued opportunity to create and record the world’s best music and share it globally,” said Sunnucks. “Their platform-agnostic content strategy, combined with an alignment of culture, values and vision for the future of the business, make eOne an ideal partner for our teams around the world.”

More Music

  • Britney Spears

    Britney Spears' Fans Demand Release of Pop Star from Psychiatric Facility

    A group of protesters gathered outside City Hall in West Hollywood on Monday afternoon (April 22) to demand the release of pop star Britney Spears from a psychiatric facility. Carrying “Free Britney” signs and chanting “Hands off, Britney” and “Justice for Britney” about a dozen fans took to the corner of Santa Monica Blvd. and [...]

  • Arista Records Names Danny Cooper Senior

    Arista Records Names Danny Cooper Senior VP of Promotion

    Danny Cooper has been named senior vice president of promotion at Arista Records, it was announced today by John Boulos, the label’s executive VP of promotion. In this role, Cooper will work closely with Boulos in all areas of promotion across genres, and oversee Arista’s promotion staff throughout the U.S. He is based in Los [...]

  • Mandatory Credit: Brian J Ritchie/Hotsauce, Editorial

    Lizzo Reveals Summer-Fall Tour Dates

    Hot on the heels of her Nice Life/Atlantic Records debut album “Cuz I Love You” (which got a rave review in Variety last week) and her two Coachella performances, Lizzo has announced dates for a huge North American tour, billed “Cuz I Love You Too.” Produced by Live Nation, the tour begins July 18 in Portland, [...]

  • Delta Air Lines celebrates Grammy Weekend

    Halsey, Jonas Brothers, Zedd to Headline iHeartMedia Wango Tango Concert

    Jonas Brothers, Halsey, 5 Seconds of Summer, Zedd, Ally Brooke (with special guest Tyga), Ava Max, Fletcher and Tomorrow X Together will perform at iHeartMedia’s annual Wango Tango concert at the Dignity Health Sports Park in Los Angeles (formerly StubHub Center) on June 1. Freeform will broadcast a 90-minute television special on Friday, June 7 [...]

  • Nick Jonas, Joe Jonas, Kevin JonasJonas

    Jonas Brothers Set Their First Album in a Decade for June

    Coming 10 years almost to the week after their previous studio album, the Jonas Brothers’ “Happiness Begins” has been set for a June 7 release. A date for their full-length comeback has been eagerly anticipated by fans ever since the near-surprise March 1 release of “Sucker,” a single that has just reached No. 1 on [...]

  • Prince Memoir, ‘The Beautiful Ones,’ to

    Prince Memoir, ‘The Beautiful Ones,’ to Be Released in October

    The memoir Prince was working on at the time of his death is coming out Oct. 29, according to the Associated Press. Publisher Random House confirmed Monday that “The Beautiful Ones” will combine Prince’s unfinished manuscript with rare photos, scrapbooks and lyrics. Announced just weeks before his 2016 death, the 288-page book, issued in partnership [...]

  • TV Review: ‘Motown 60: A Grammy

    TV Review: ‘Motown 60: A Grammy Celebration’

    If nothing else, CBS’ “Motown 60: A Grammy Celebration” special alerted America to the continued vitality of Smokey Robinson as a contemporary performer. Ten months from turning 80, the singer’s performances were focused and controlled as he weaved his sultry vocals through classics he wrote — the ballads “The Tracks of My Tears” and “Ooh Baby Baby,” chief among them. Producers [...]

More From Our Brands

Access exclusive content