360: Sony BMG Australia Buys Caplice Stake

From Christie Eliezer, Billboard:

Sony BMG Music Entertainment Australia has become the first major label Down Under to invest in artist management and touring. The firm has taken a 50% share in Sydney-based Caplice Management and is negotiating with a second artist management firm. It is also setting up a concert tour business.

Caplice Management, set up in 1995 by managing director David Caplice, looks after Sony BMG acts Human Nature, David Campbell, Dean Geyer, Damien Leith and the Young Divas, plus Warner Music act singer Katie Noonan and TV presenters Craig Low and Toni Pearen.

In 2002, Caplice Management and Sony BMG set up a joint-venture pop and R&B record label called Random Records, to which Paulini and Tammin Sursok are signed.

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