Budde Music’s CEO Benjamin Budde has told Music Week that its new joint venture with Phrased Differently can offer a “significant challenge” to rival publishers.

Music Week can reveal that the German publisher has entered into the partnership with a multi-million pound deal. Budde acquired the 50% share in Phrased Differently owned by independent Benelux publisher Cloud 9 Music.

“With that combination, and specifically with the addition of Phrased Differently’s great A&R team, we absolutely can compete on a songwriter ...