MIAMI.- The Puerto Rican singer Yandel sold his musical catalog to the company South Korean investment and management company Beyond Music. The agreement reached by the urban music producer also includes publishing interests and royalties, participation in royalties for rights related and by interpretation.
The acquisition, which was confirmed by Billboardis unprecedented.
According to a press release issued by the company, this step is born from Beyond Music’s need to want to diversify its portfolio and marks a milestone in the South Korean market, as it is the first time that an Asian music company is betting on the market. Latin.
“We are deeply grateful for Yandel’s extraordinary craftsmanship and unparalleled career and are honored to partner with him as he moves toward the next height of his career. As the primary custodian of some of the most iconic non-Anglo-Saxon musical works, we seek to support a creative truly flourishing in the Latin and Asian music ecosystems. We see similar traits of magnificent growth in both Latin pop and Asian pop (including K-pop), and we look forward to sharing and connecting the best of both worlds,” said Jangwon Lee , CEO of Beyond Music.
About the South Korean company
Beyond Music was created in 2021 and has since invested in Asian music catalogs.
In December 2022, the company acquired the first catalog of North American music, specifically from Greg Wells, producer and songwriter for celebrities such as Adele, Taylor Swift, John Legend and Dua Lipa. Currently, Beyond has a total of 37,000 rights.
Now, he is taking an important step in the industry by getting involved in the Latin market through urban music with one of its greatest exponents.
Yandel took his first steps at the end of the 90s, and under the duo Wisin & Yandel, the artist had great hits on the music charts.
In 2013, he went solo and reached No. 1 on the Top Latin Albums chart. Billboard with the album From leader to legend. In 2023, He positioned himself as a solo artist on the Billboard Hot 100 list with Yandel 150 in collaboration with Feid.
