Hogan Lovells represents Rotana Music in landmark Warner Music investment
Washington, D.C., 23 February 2020 – Global law firm Hogan Lovells represented HRH Prince Alwaleed’s Rotana Music in connection with the Warner Music Group’s agreement to buy a minority stake in the company.
Rotana is the Arab world’s largest record label and Warner is one of the music industry’s biggest players in the West. The deal would expand Warner’s presence in the Arab world while extending the global reach of Rotana’s roster of artists. As part of the deal, ADA Worldwide, Warner’s label services division, will agree to distribute Rotana releases outside of the Middle East and North Africa region.
Rotana and Warner declined to disclose the size of the stake or other financial terms.
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia is a renowned international investor and philanthropist. Notable investments include Four Seasons Hotels and Resorts, Accor, Twitter, Deezer, the Hôtel George V in Paris and the Savoy Hotel in London. Alwaleed Philanthropies support human rights and social justice infrastructure in Saudi Arabia and internationally and have supported and spent more than US$4 billion on social welfare and initiated more than 1000 projects in more than 189 countries.
The Hogan Lovells team was led by M&A partner Mark Mazo (Washington and Paris), private equity partner Charles Fuller (Dubai) and entertainment industry partner Sheri Jeffrey (Los Angeles), with support from associate Robbie Nakarmi (Dubai) and counsel Jay Dougherty (Los Angeles). Antitrust support was provided by partner Falk Schoening (Brussels) and associate Ivan Pico (Brussels).