The neighbouring rights market is growing. According to the IFPI, the sector grew in value from $1.4 billion in 2010 to $2.6bn in 2019 – and today brings news of a series new player entering this sector.
peermusic has acquired Canada-based Premier Muzik, France-based All Right Music and Netherlands-based Global Master Rights to form a new neighbouring rights company.
All three acquired firms will continue to operate under their current names while identifying as peermusic companies (ex. “Premier Muzik, peermusic neighbouring rights”) and out of their existing offices.
peermusic’s neighbouring rights client roster will be made up of the clients of the combined companies, encompassing over 300 record labels and more than 2,500 performers, including Rihanna, Billie Eilish, Imagine Dragons, DJ Snake, Metallica, Jacques Brel, Jean-Michel Jarre, Leonard Bernstein, Megan Thee Stallion, Finneas, Lady A, Lang Lang, Lizzo, Panic! At The Disco, Migos, and David Guetta, to name a few.