Cuban state music company expands deal with Sony

Cuba’s Musical Editions and Recording Company, known by its Spanish acronym EGREM, holds the rights to works by thousands of Cuban artists, including renowned musicians such as Benny More, Chucho Valdes and Omara Portuondo.

Under a deal signed Wednesday, U.S.-based Sony/ATV, the world’s leading music publisher, will license rights to songs in EGREM’s catalog to clients in the television and film industry, and streaming services, among other clients.

Sony/ATV officials said they were receiving a standard commission from sales of EGREM property but declined to discuss the precise terms of the deal. Sony Music signed a 2015 deal to distribute EGREM artists’ albums worldwide.

Sony ATV Music Publishing President Guy Henderson, right, and Cuba’s Egrem Record label Director General Mario Angel Escalona Serrano smile at an agreement ceremony in Havana, Cuba, Wednesday, Jan. 24, 2018. Both parties signed a deal to internationally distribute the catalog of Cuba’s state-run Egrem Music, giving the US music giant rights to renowned Cuban artists.(AP Photo/Desmond Boylan)

Sony ATV Music Publishing President Guy Henderson, right, and Cuba’s Egrem Record label Director General Mario Angel Escalona Serrano smile at an agreement ceremony in Havana, Cuba, Wednesday, Jan. 24, 2018. Both parties signed a deal to internationally distribute the catalog of Cuba’s state-run Egrem Music, giving the US music giant rights to renowned Cuban artists.(AP Photo/Desmond Boylan)

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