Haim Saban Pledges to Invest $500 Million to Launch Music Label

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Haim Saban Pledges to Invest $500 Million to Launch Music Label
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Businessman, investor and philanthropist Haim Saban has pledged to invest $500 million to launch a record label

Businessman, investor and philanthropist Haim Saban, who heads the Saban Capital Group, has pledged to invest $500 million to launch a record label. Saban Music Group will be led by music executive Gustavo Lopez and focus on “international A&R, artist development and strategically supporting a 360 model for artists,” reads a release announcing SMG, [...

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