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Muse Group, an organization that makes a speciality of music creation instruments and software program together with MuseScore, Final Guitar and Audacity has acquired Hal Leonard, a writer of sheet music and academic content material.
The acquisition was backed by a “progress funding” from Francisco Companions, the US-based non-public fairness agency that acquired Native Instruments in January 2021 and a majority stake in Kobalt Music Group final 12 months.
Each Muse Group and Hal Leonard will retain their respective HQs within the US and Cyprus.
Muse Group’s new backer, Francisco Companions, reviews to have invested in additional than 400 know-how corporations. Along with Native Instruments and Kobalt Music Group, Francisco Companions has additionally previously invested in ticketing tech platform Eventbrite.
In accordance with a press launch, the brand new mixed firm (Muse Group) will use Francisco Companions’ funding to “speed up natural and inorganic progress and is actively trying to accomplice with innovators within the sector”.
The worth of Francisco Companions’ funding has not been disclosed.
In accordance with the businesses, Hal Leonard “revolutionized print music publishing within the Nineteen Forties, by offering preparations of well-liked songs to highschool bands for the primary time”.
At present, Hal Leonard’s completely licensed, premium preparations embody a number of the world’s best-known artists and scores from Taylor Swift and The Beatles to John Williams and Disney soundtracks.
Final Guitar, in the meantime, the forerunner of Muse Group, sparked what the corporate says was a “related revolution within the late Nineteen Nineties”, by offering tabs to guitarists within the web’s “formative period”.
The corporate reviews that Final Guitar and MuseScore alone rely 300 million annual guests and over 40 million accounts.
Mixed with over 3 million tabs and compositions on Muse Group’s Final Guitar and MuseScore, the joint enterprise says that it now features a content material library of over 5.5 million scores, tabs, books, video programs, backing tracks and presets.
“This partnership will create extra music makers worldwide and can result in much more advances in music schooling know-how, whereas additionally increasing methods creators and rights holders could make their musical works extra extensively out there.
Larry Morton, Hal Leonard
“This partnership will create extra music makers worldwide and can result in much more advances in music schooling know-how, whereas additionally increasing methods creators and rights holders could make their musical works extra extensively out there,” mentioned Larry Morton, Hal Leonard’s Chairman.
“Hal Leonard and Muse have been working carefully collectively in business partnerships for over fifteen years and have constructed belief and mutual respect over that point.
“Combining the strengths of each corporations is a really thrilling prospect, stuffed with potential methods to develop the music trade in new instructions.”
“Our ardour for bettering the lives of all musicians has at all times been on the coronary heart of Muse Group and we’re immensely excited to accomplice with the Hal Leonard staff who share that keenness.”
Eugeny Naidenov, Muse Group
Eugeny Naidenov, CEO of Muse Group, mentioned: “Our ardour for bettering the lives of all musicians has at all times been on the coronary heart of Muse Group and we’re immensely excited to accomplice with the Hal Leonard staff who share that keenness.”
“We’re excited to accomplice with Muse Group and Hal Leonard to assist allow their mixture and usher within the joint firm’s subsequent stage of progress.”
Matt Spetzler, Francisco Companions
Matt Spetzler, Companion & Co-Head of Europe at Francisco Companions: “We’re excited to accomplice with Muse Group and Hal Leonard to assist allow their mixture and usher within the joint firm’s subsequent stage of progress.
“The mixed enterprise will provide its prospects unparalleled content material and know-how targeted on music studying throughout digital, print, and academic channels.”
“We’re thrilled to supply a tailor-made capital resolution in help of this transaction and are excited to again the modern progress technique of the mixed firm.”
Lee Rubenstein, Francisco Companions
Lee Rubenstein, Managing Director at Francisco Companions, mentioned: “We’re thrilled to supply a tailor-made capital resolution in help of this transaction and are excited to again the modern progress technique of the mixed firm.”Music Enterprise Worldwide
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