November 25, 2009

By By Aymeric Pichevin, Paris

Paris-based independent music group Because announced the acquisition, through a holding company, of French publisher Jeune Musique.

Created in 1967 by French superstar Claude Fran?ois, Jeune Musique's catalog includes co-publishing rights on some of Fran?ois' hits such as "Alexandrie Alexandra", "Magnolias for Ever" and "Comme d'Habitude."

The latter was adapted in English by Paul Anka under the title "My Way," made famous by Frank Sinatra and covered by stars such as Elvis Presley, Julio Iglesias, Celine Dion, Sid Vicious, Luciano Pavarotti and Robbie Williams.

Jeune Musique is co-publisher of "My Way."

Besides Because, the holding company involved in the buyout includes Xavier Niel, majority shareholder of Iliad, which operates French ISP Free. The amount of the transaction was not disclosed.

Claude Fran?ois Jr., the son of Claude Fran?ois, will maintain a minority stake in Jeune Musique. The holding company intends to acquire other publishing catalogs, a statement issued by Because says.

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