Hal Leonard, Music Sales Group Enter $50M Deal

Hal Leonard has purchased the physical and online printed music businesses of global independent music publisher The Music Sales Group. The Milwaukee Journal Sentinel reported on April 5 that the deal was for about $50 million — the company's biggest acquisition to date.

Hal Leonard released the following statement:

"We've had a long and rewarding relationship with Music Sales over the years, and we look forward to that continuing into the future," said Keith Mardak, Hal Leonard chairman. "Bob Wise has built an incredible printed music business, and we feel privileged to be the new custodians of his many years of hard work. Mark Mumford, the managing director of Hal Leonard in Europe, will oversee the integration of the two companies in Europe."

According to company representatives, Hal Leonard and The Music Sales Group will enter into a global licensing agreement to represent and exploit Music Sales' copyrights in print.