SESAC Purchase of HFA Officially Closes

SESAC‘s purchase of HFA has officially closed, according to the PRO.

As previously reported, SESAC entered into an agreement to acquire leading U.S. mechanical rights organization Harry Fox Agency (HFA), which had been owned by the National Music Publishers Association (NMPA). The New York Times reported at the time that the purchase price is upwards of $20 million.

“SESAC is pleased to announce that, following approval by the NMPA Board and membership, the acquisition of the Harry Fox Agency has been completed,” said Chairman and CEO of SESAC John Josephson. “The Harry Fox Agency (HFA) is the leading U.S. mechanical rights organization and this acquisition establishes SESAC as the only Music Rights Organization in the United States. SESAC will have the ability to offer singular licenses for the works of its affiliated writers and publishers that aggregate both performance and mechanical rights for those users interested in such an option. We look forward to driving greater efficiency in licensing for music users, as well as enhanced value for music creators and publishers.”