BMG has acquired the recordings catalog of Australian rock band Jet, in a deal that the music company has described as “landmark.” The agreement grants BMG the rights to Jet’s first two albums, “Get Born” and “Shine On,” as well as their third album, “Shaka Rock,” in Australia, New Zealand, and globally. The deal builds on Jet’s existing worldwide publishing deal with BMG, which was established in 2017. Jet, formed in the late 90s, achieved immense success with their debut album, “Get Born,” which went 9x Platinum in Australia and attained Platinum status in the UK and US.
BMG believes that Jet’s songs are highly sought after for licensing purposes, with their music being featured in numerous international advertising campaigns, TV series, films, and video games. The band received accolades such as three nominations and a win at the 2004 MTV Music Awards, and four APRA Award nominations with two wins. Chris Cester of Jet praised BMG, stating that they are a trustworthy partner who fulfills their promises. Heath Johns, BMG President for Australia, New Zealand, and South-East Asia, expressed excitement and gratitude for the acquisition, stating that Jet is a “generation-defining band.” With this deal, Jet has joined BMG’s label roster, which includes other notable Australian and New Zealand talent.
BMG has been actively expanding its catalog through various acquisitions, including the purchase of the writer’s share of royalties of Michael Münzing of SNAP! and the acquisition of the recordings catalog of British rock group The Hollies. They have also recently signed new partnerships with Jennifer Lopez and The Chemical Brothers. These strategic moves have contributed to BMG’s strong financial performance, with a reported 11.5% year-over-year increase in revenue in the first half of the year.
