Saban Capital Group Launches New Music Publishing Venture with Leading Publishing Executive David Renzer
Los Angeles (August 8th, 2012)
Veteran music publishing executive David Renzer has joined forces with Saban (SCG) as President of Music Ventures. The company will be investing substantial equity in the acquisition and exploitation of music publishing rights, taking advantage of the consolidation in the industry by offering song writers, artists and important catalogues a forward thinking boutique emphasizing film and television and synchronization opportunities. Saban is already in advanced discussions on a number of potential music rights acquisitions.
Saban has over 40 years of activity in the acquisition and growth of music and media copyrights. Included in the activities of the new music publishing venture will be music publishing rights created as part of Saban Brands television production activities including children’s television programming (“Power Rangers” and others).
Renzer was formerly Chairman/CEO of Universal Music Publishing Group where over the past 15 years, he was responsible for overseeing the company’s more than 50 offices around the globe and had involvement in over 100 music publishing acquisitions including; Polygram, Rondor, Zomba, and one of the industry’s largest acquisitions, BMG Music Publishing. Signings to Universal under Renzer’s leadership included such names as Paul Simon, 50 Cent, Danny Elfman, the catalogues of Jimi Hendrix, Bee Gees, Mariah Carey, Eminem, Justin Bieber, Dave Grohl (Foo Fighters), as well as deals with Warner Bros Pictures/Warner Bros Television, Dreamworks, HBO and many others.
Renzer began his career at Zomba Music Publishing, where he rose to SVP & GM. During his decade-long career there, Renzer helped Zomba achieve ASCAP’s R&B Publisher of the Year and Pop Publisher of the Year awards. While at MCA, the company was ASCAP Country Music Publisher of the Year.
Renzer’s civic and industry commitments have included sitting on the Boards of ASCAP, NMPA, the International Music Publishers Association, and the Foundation for Ethnic Understanding. He has also served as the Chairman of the Music and Entertainment Division of the City of Hope, and founded Songs of Hope, raising over $1,750,000 for the City of Hope Hospital.
Renzer received his B.A. from N.Y.U. Haim Saban, Chairman and Chief Executive Officer of Saban Capital Group, comments: “The formation of our Music Venture enables us to utilize our extensive experience in music and media rights as well as leverage our increasing activity in the creation of broadcast properties. As the music industry continues its consolidation, we feel it is an opportune time to commit significant investment capital to music rights and we have great confidence that David, with his vast experience, will help us create an exciting new music publishing company together.”
Adam Chesnoff, President and Chief Operating Officer of Saban Capital, comments: “Media and music rights have long been at the core of investment activity at Saban Capital Group. By partnering with an experienced and talented executive such as David, we believe we can take an entrepreneurial and opportunistic approach to building a great music publishing company together.”
David Renzer comments: “I’m thrilled to partner with Haim Saban, Adam Chesnoff and the team at SCG in the launch of what I hope will be an exciting, forward thinking, creatively driven home for songwriters, their copyrights and important catalogues. Haim Saban has been one of the most successful entrepreneurs in media with a long activity in and love for music and I could not ask for a better partner.”
About Saban: Saban Capital Group ("SCG") is a leading private investment firm based in Los Angeles specializing in the media, entertainment, and communication industries.
SCG was established in 2001 by Haim Saban, co-founder of Fox Family Worldwide, a global television broadcasting, production, distribution and merchandising company owned in partnership with Rupert Murdoch and The News Corporation until its sale to The Walt Disney Company in October 2001. The firm currently makes both controlling and minority investments in public and private companies and takes an active role in its portfolio companies. SCG's current private equity investments include Univision (the premier Spanish-language media company in the US); Celestial Tiger Entertainment (a venture with Lionsgate and Astro, Malaysia’s largest pay TV platform, to launch and operate new branded pay television channels across Asia); Taomee (China's leading children's online entertainment company); MNC (Indonesia's largest and only vertically-integrated media company); and Sky Vision (Indonesia’s largest Pay TV platform). Saban Brands LLC, an affiliate of SCG, was formed in 2010 to acquire, manage and license entertainment properties and consumer brands across media and consumer platforms globally, and currently holds the rights to Power Rangers and Paul Frank Industries in its portfolio. With offices in Los Angeles and Hong Kong, SCG actively manages a globally diversified portfolio of investments across public equities, credit, alternative investments, and real property assets.