Virgin Music Group has acquired Saban Music Latin, it was announced on Thursday (Jan. 4). The deal comes five years after entertainment mogul Haim Saban invested $500 million to launch Saban Music Group, and two years after the music company launched its Latino division.
Under the terms of the transaction, Virgin Music — a division of Universal Music Group — will acquire Saban Music Latin’s catalog, which includes such artists as Jon Z, Reykon and German Montero. It will also release future albums by Saban Music Latin artists.
Saban Music Latin’s roster includes emerging L.A.-based pop artist Loyal Lobos, Puerto Rican singer-songwriter Chesca — who has scored two No. 1 songs on Billboard‘s Latin Airplay chart (“Súbelo” and “Te Quiero Baby”) — and rapper-producer YoGambii.
Saban Music Group launched in 2019 as a music company with a Latin focus and with veteran music executive Gustavo Lopez as CEO. Lopez was the longtime GM and executive vp Universal Music Latin, where he launched Latin urban label Machete Music, home to artists like Wisin & Yandel and Don Omar, and also ran Universal Music Latin Entertainment’s regional Mexican labels, Fonovisa and Disa. After leaving UMLE in 2017, he launched indie music company Talento Uno, which was acquired by Saban.
In 2020, Saban Music Group entered into an exclusive global administration agreement with Universal Music Publishing Group — and in February 2022, it announced it was launching a Latin division with Alejandro Reglero in the role of executive vp/GM, reporting to Lopez.
The acquisition follows Virgin Music Group’s recent partnerships with other Latin labels, including DEL Records, the West Coast-based independent label home to Latin music’s biggest song of 2023, “Ella Baila Sola” by Eslabon Armado and Peso Pluma. In November, Virgin Music also announced a worldwide agreement with Pepe Aguilar‘s two regional Mexican labels, Machin and Equinoccio Records.