Sony Music Entertainment México has signed an agreement to acquire the musical catalog of the regional Mexican label and management company Remex Music, the parties announced.
While neither Sony nor Remex provided specifics on the economics of the deal, it’s worth noting that the accord includes catalog only, not ownership of the label.
Launched by brothers Domingo and Germán Chávez in 2012 in their native Nuevo León, Mexico, Remex’s catalog encompasses wide-ranging regional Mexican sub-genres such as banda, mariachi, norteño, cumbia, sonora and sierreño.
“We are very happy about the acquisition of the diverse and rich catalog of Remex Music built through the successful work of Domingo and Germán during recent years,” said Roberto López, president of Sony Music México. “We are proud to team up with such talented executives who will continue developing their roster in the dynamic and vibrant regional Mexican market. This musical catalog is a new treasure for us that we will curate with the utmost care.”
Aside from continuing to develop its artists, which includes chart-topping band Edwin Luna y La Trakalosa de Monterrey, Grupo Pesado, Leandro Ríos, among others, Domingo and Germán will release new content pursuant to its renewed alliance with The Orchard.
“We are proud that in the decade since Remex Music was launched, executives like Roberto López have shown interest and trust in our roster’s talent,” Domingo and Germán said in a statement. “This opens the possibility of team-ups with Mexican and international artists across genres, which will develop our artists’ markets even more.”
