UK-headquartered Multimedia Music has made its latest acquisition in the film and TV music rights space.
Multimedia Music has closed a deal to acquire the music publishing rights from the film music library of Millennium Media.
MMM will co-publish the catalog with current co-owner and administrator Kobalt Music.
The catalog deal follows a recent intensive round of acquisition activity by MMM.
In addition to the purchases of a 50% stake in Steven Spielberg’s Amblin Partners catalog and the acquisition of the STX Entertainment music library, MMM purchased the Atlantic Screen Music library and the catalogs of music income and copyrights from numerous composers including James Newton Howard, Tyler Bates, David Buckley, Michael Corcoran, Sean Callery and Trevor Morris.
Millennium Media. Inc. is described as one of the longest-running independent film companies in Hollywood.
Millennium is known for the box office hits The Expendables franchise, the Fallen franchise, The Hitman’s Bodyguard franchise, Mechanic: Resurrection, and the successful reboot of the Rambo franchise, Rambo: Last Blood.
Multimedia Music says it has deployed over $150 million on acquisitions since launching in late 2021.
The company, founded by industry veterans Phil Hope and James Gibb, has raised $200 million in two funding rounds, from Metropolitan Partners Group, Bardin Hill, Pinnacle Bank and Regions Bank.
“Millennium Media consistently produces high caliber, commercial films made for the big screen that have earned over two billion dollars at the box office.”
James Gibb, Multimedia Music
James Gibb who founded Multimedia Music with colleague Phil Hope said: “Millennium Media consistently produces high caliber, commercial films made for the big screen that have earned over two billion dollars at the box office.
“We are thrilled to have secured this catalog which includes music from acclaimed award-winning composers.”
Copyrights belonging to composers for film and TV are becoming big business.
Other companies operating in the space include Cutting Edge Media Music, which recently acquired a majority interest in White Stork, the publishing company of UK composer Tom Howe.
CEMM secured $125 million for music publishing rights acquisitions in collaboration with affiliates of Blantyre Capital in 2022 and obtained an additional $100 million from banks led by Pinnacle Financial Partners in February 2023.Music Business WorldwideMusic Business Worldwide