Tuesday, 29 December 2015 10:30

Guggenheim Partners Sells 'Billboard' To Investment Banker

Written by

Billboard magazine, one of the major sources for music news, has been acquired by an investment banker from Guggenheim Partners. The Historic US music magazine was purchased by Todd Boehly, who also obtained a much more hefty portfolio of which includes The Hollywood Reporter (THR).

Billboard was last purchased by Guggenheim back in 2009, along with THR and AdWeek for an estimated $70m. Boehly has just purchased both for an undisclosed amount from the investment powerhouse of which he previously was an executive.

Boehly remains close in connections to these titles, as the previous leader of Guggenheim’s media investments, and is already planning reorganization. Part of the reorganization plan is to combine the two companies under one title: “The Hollywood Reporter-Billboard Media Group”. Boehly is also hoping to recoup the apparent $25 million in losses per year.

Billboard was founded in 1894 and began carrying its world-famous music charts in the 1930s, following the invention of the jukebox. Unfortunately, the massively successful Billboard and THR have both laid off 10 staff this year, but Boehly sees great hope within the companies.

About Todd Boehly:

As a result of the acquisition, Boehly is no longer an executive at Guggenheim Partners, but will remain a major shareholder and a member of the firm’s executive committee. Boehly is a former Credit Suisse First Boston banker, and also owns The Los Angeles Dodgers.

About Guggenheim Partners:

The previous owners of Billboard also have a massive suite of investments. “With more than $240 billion in assets, Guggenheim Partners has a track record of delivering innovative investment and advisory solutions”.

We can’t wait to see what will come of this acquisition, and will keep you posted as the project develops. For now, check out the analysis on MBW.

Search MS101

Buy The Book On Amazon

SCH10174 Music Supervision

Twitter Feed @MusicSupervise

For Content Producers

Need the perfect song for your visuals?
Try our FREE service!

The SongHunters

Do you need a Music Supervisor for just an hour?
Try the HourlyMusicSupervisors

SongHunters Testimonials

  • "Great job with the songhunt, SongHunters! The music you found for my book trailer totally works and enhances my message. Your service is excellent, adds value and helps affordably take music-for-video work up a notch. Love it!"
    David Farbman, best-selling author of "The Hunt"

Newsletter Sign-up

Subscribe to our Music Supervision 101 / SongHunters Newsletter!
(Not the same as our SongHunters'
Providers List)

Our Book:

Music Supervision 2: The Complete Guide to Selecting Music for Movies, TV, Games, & New Media

SCH10174 Music Supervision

Available at Amazon.com

The newly revised, definitive book on music supervision, which guides you through real-world scenarios and legal landmines, explores sound design, and profiles key players.

Music supervision, or matching music to all the different mediums from films to ring tones, is one of the fastest-growing careers in the music industry, but finding the winning song for a national ad campaign or compiling a platinum movie soundtrack takes more than just good taste. Music supervision today requires serious multi-tasking and the ability to navigate licensing, relationships, and cultural trends with ease. This book guides you through real scenarios and legal landmines you might encounter; it explores sound design and profiles key players with insightful interviews, while providing project form templates that will save time for seasoned music supervisors.

This is the only guide to the career of music supervision and is ideal for the music student, musician, industry executive and of course, for those who want to break into the field of music supervision. Authors David Weiss, Ramsay Adams and David Hnatiuk are all renowned figures in the procurement and supervision of music and they apply their combined knowledge and experience to give the best possible advice and tell you how to get the job!