HAL LEONARD ACQUIRES MAJORITY INTEREST IN INNOVATIVE MUSIC
Hal Leonard Australia has acquired a majority interest in Innovative Music Australia Pty Ltd, effective as of 1 September 2016. Innovative was founded by Steve Lincoln-Smith 27 years ago and has developed into a respected distributor of music technology products in the Australian market. The company’s Melbourne team of six staff will join the Hal Leonard family.
Philip Burn, MD of Hal Leonard Australia, said, “As music publishers, we recognise that the synergy between music technology and content can only increase, and this strategic move is in line with the direction of our parent company in the USA with getting into the distribution of technology products. We look forward to being able to help our current accounts build their gear offerings as well as finding new accounts we may not have worked with before.”
Innovative Music distributes many well-respected music technology companies including Novation, RME, Audient, Studiologic, Etymotic, Mogami Cables, MXL, and many others. “Innovative will remain a stand-alone business, under the leadership of Steve Lincoln-Smith, who has entered into a long-term agreement to continue as Managing Director of the company” Burn added.
Steve commented, “Innovative Music was founded on the idea of bringing to the Australian market a range of complementary music technology products. We feel very positive about the shared vision between Innovative Music and Hal Leonard and about the myriad possibilities for blending technology and content. There are tremendous opportunities in the market and we are poised to capture them together.”
Founded in 1995, Hal Leonard Australia is a wholly owned subsidiary of Hal Leonard Corporation based in Melbourne with 22 employees. The growth of Hal Leonard Australia has been based on a strong customer focus. Hal Leonard Australia strives to be the best in the territory in terms of in-stock ratio, order turnaround, and immediate attention to returns and account enquiries.