Music Copyright Asset Catalogues
On 15 March 2007, BBGIL acquired its first tranche of music copyright asset catalogues for US$17.0 million. The Company acquired its second tranche of music copyright asset catalogues for US$11.1 million on 31 March 2007 and third tranche for US$24.3 million on 31 December 2007. With the three tranches of investments, there are currently 1,800 musical compositions which entitles BBGIL to revenue from the use of the songs wherever and whenever they are used.
The songs in the catalogues include Holiday (originally sung by Madonna), Heaven is a Place on Earth (originally sung by Belinda Carlisle), Kokomo (originally sung by Beach Boys) and I'm Too Sexy (originally sung by Right Said Fred).
List of some of the better known songs in the catalogues