Downtown Music Publishing has acquired London-based music publisher Eagle-i Music, and names the acquired firm's co-founder, Roberto Neri, as managing director of Downtown UK. The sellers of Eagle-I were the venture capital firm of Beringea, Neri and Eagle Rock Entertainment, with principles Terry Shand, Geoff Kempin and Simon Hoskin. Terms of the deal were not disclosed.
In addition to securing Eagle-i's music publishing assets, Downtown is also acquiring the company's neighboring rights and production library businesses and will be integrating those operations across its global network. According to sources, Eagle-I had top line revenues of about $1.1 million to $1.6 million over the last few years.