In response to a dramatically shifting landscape, the majors became increasingly focused on expanding their global artist services footprints this year.
In a joint release, the organizations argue the deal would "reduce competition and the independents' bargaining power" if allowed to go through.
Under the deal, which also includes image and likeness rights, the company will work with Perlman on marketing, branding, digital, synch and film/TV opportunities.
Also: Slipstream acquires Anthem Entertainment's production music businesses, Reactional Music strikes a licensing deal with classical music giant Naxos and more.
IMPALA and several associate national trade groups say the acquisition represents “unchecked concentration in the music market.”
Also: Oak View Group finds a Middle East partner, Dreamliner acquires two event logistics companies, atVenu raises $130 million and more.
The acquisition includes certain producer income streams and music publishing assets.
Apollo is the financial backer of Sherrese Clarke Soares' HarborView Equity Partners.
Also this week: Virgin Music Group announces a strategic relationship with a Japanese anime company, Believe acquires a stake in Global Records and more.
The tender offer ends Friday (June 21) for shares of the owner of TuneCore, Sentric Music Publishing and a host of record labels.
