Canada’s ole raises $135m to buy music IP

Canada-born rights management company ole has concluded a syndicated financing with seven U.S. banks to add $135-million  capital to a pool of cash it intends to spend on music media rights.

Now in its ninth year of operation, ole has made $275-million of equity investments across various classes of intellectual property assets. The company, which was formed in 2004, runs operations in Toronto, Nashville, New York and Los Angeles.

Its recent purchases include TV/Film IP assets from Sony Pictures Entertainment, Miramax Films, and Cineflix Media, as well as traditional music IP assets from artists/songwriters such as Timbaland (pictured) and Tyler Farr, among others. It owns a catalogue that includes over 45,000 songs and 60,000 hours of TV and film music.

Copyrights under ole’s control include songs recorded by artists such as the Backstreet Boys, Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, Jay Z, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, One Direction, Rihanna, Rush, Steven Tyler, Taylor Swift, and Timbaland.Music Business Worldwide

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