Music company BMG has signed a “landmark deal” to acquire the recordings catalog of Australian rock band Jet. The deal grants BMG the recorded music rights for Jet’s first two albums, “Get Born” and “Shine On,” in Australia and New Zealand, while Warner Music Group retains ownership for the rest of the world. BMG has also acquired the global recorded rights to Jet’s third album, “Shaka Rock,” as well as the artist’s royalty stream for all three albums. Jet, formed in the late 90s, has sold over 6.5 million records worldwide and achieved global success with hit songs like “Are You Gonna Be My Girl.”
Jet’s songs, including “Are You Gonna Be My Girl,” have been widely licensed for use in advertising campaigns, films, TV series, and video games. The band has received multiple award nominations and wins, including MTV Music Awards and APRA Awards. Chris Cester, a member of Jet, stated that the decision to work with BMG was based on their existing personal relationship and BMG’s track record of delivering on their promises. Heath Johns, BMG President for Australia, New Zealand, and South-East Asia, expressed his honor in acquiring the iconic global hit recordings from Jet, highlighting BMG’s growth in the Australian market.
This acquisition adds Jet to BMG’s label roster, which includes notable Australian and New Zealand talents. BMG’s recent purchases have expanded its catalog with artists like SNAP!, Paul Simon, The Hollies, Jennifer Lopez, and The Chemical Brothers. The company’s strategic approach has resulted in a significant year-over-year increase in revenue. In the first half of this year, BMG reported an 11.5% revenue growth to EUR €414 million (approx. USD $435 million).
