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Another nine-figure music industry acquisition is coming… and it’s Brazilian
March 17, 2021
Wesley Safadão has released records including 2015 live album, Ao Vivo em Brasília, through Som Livre
Brazilian record label Som Livre is edging closer to being acquired for a price-tag in the region of $250 million to $300 million.
That’s according to sources close to the process, who also tell MBW that the company has “had its tires kicked by everyone” – including all three major music companies.
Our sources added that some non-majors, including Paris-headquartered Believe, have also been in the mix for a potential buyout.
Som Livre is the largest domestic record label in Brazil, and is owned by the Globo Group, a multimedia corporation which turned over 14.09 billion BRL in 2019 (around $2.5 billion at current exchange rates).