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Haim Saban appointed Non-Executive Director at Universal Music Group

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Haim Saban has been appointed as a Non-Government Director at Common Music Group.

The billionaire media mogul was elected to the function at UMG’s AGM on Thursday (Could 11).

Saban is the Chairman and CEO of Saban Capital LLC, a personal Los Angeles-based funding agency that spans operations in actual property, enterprise capital, movie and music.

The Los Angeles-based tycoon has a private internet value of round $3bn and is a staple fixture on Forbes’ annual list of the richest people in the United States.

Up to now, Haim Saban’s profession in leisure spans over 4 many years, taking in artist administration, manufacturing and live performance promotion.

Saban’s music profession began as a bass participant in Israel within the Sixties in a band referred to as The Lions Of Judah. He later grew to become the band’s supervisor.

Talking to MBW in 2019, Saban mentioned: “I quickly realized that I used to be higher at enterprise than at taking part in bass. I wished the very best for our band, and have become the band’s supervisor the place I might add rather more worth.

He then moved to France within the Seventies, the place he labored as a producer and likewise established an unbiased file firm, which he says offered greater than 18 million information.

He instructed MBW that he transitioned to Los Angeles within the Nineteen Eighties “to be within the leisure capital of the world”.

Saban created youngsters’ TV phenomenon Mighty Morphin’ Energy Rangers within the early Nineteen Nineties.

He additionally composed the theme tune to 1995’s Mighty Morphin’ Energy Rangers: The Film.

The Energy Rangers’ international success developed into Fox Household Channel, a large-scale JV between Saban and Information Corp, which was itself sold to Walt Disney Co. for $5.3 billion in 2001.

Saban Leisure then purchased again the Energy Rangers franchise through a $43m transaction in 2010 – earlier than promoting it again to toy giant Hasbro last year in a $522m deal. 

In July 2019, Saban – who additionally runs funding home Saban Capital Group – revealed that he was planning make investments half a billion {dollars} right into a new music venture called Saban Music Group (SMG).

L.A-based SMG was described on the time as “a worldwide leisure firm” that can deal with signing and breaking new acts along with the acquisition of recording, publishing and administration property.

In January 2020, Saban Music Group signed a worldwide distribution and advertising and marketing settlement with Common Music Group.

Common Music Group Chairman and CEO, Sir Lucian Grainge, mentioned on the time the partnership would ship “groundbreaking new artists and music to followers across the globe”.Music Enterprise Worldwide


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