The composer management and music supervision company co-founded by Sir George Martin, Air-Edel Associates Ltd, has successfully launched a management buyout from the company that’s owned it since 2007, Cutting Edge Group (CEG).
Long-term Air-Edel managing director Maggie Rodford (pictured) led the MBO and was backed by an investor group led by Robert Cope. Terms of the deal were not disclosed.
Air-Edel, which owns offices in London and Los Angeles, was founded in 1969 when it focused on representing composers writing music for commercials.
In the 1980s, the company expanded into film and TV and then into video games and theatre.
It current clients include Virus (Paul Oakenfold), Patrick Neil Doyle and Simon Russell.
Air Edel purchased its own recording studios in 1991. In addition to its clients, today Air Edel also manages a significant publishing catalogue.
“This deal is a friendly divestment, one that’s great for both parties,” said CEG CEO Philip Moross said. “Air-Edel is now in the hands of Maggie Rodford, as it should be. We look forward to working with her great company in the future.”
Rodford added: “I am very proud to be leading an independent Air-Edel in this new chapter of our 45-year history.
“It is a great honour for myself and our talented staff in London and Los Angeles to represent world-class composers and artists, and to be given the opportunity to ensure that our company can go from strength to strength.”Music Business Worldwide