Ole has acquired London-based rights management company Compact Media, who manage Audio-Visual Secondary Rights for more than 700 clients around the world.
Compact will remain under its own brand and direction of David Johnson.
All of Compact’s staff members in London, the US and Australia, will join ole.
The news comes just two weeks after Ole raised $500m via a credit facility, having spent $520m on acquisitions since being founded in 2004.
“Ole is very excited to be adding Compact’s global capabilities as a leader in the AV Rights Management space, and we look forward to bringing the increased benefits to our mutual clients around the world,” said ole Chairman and CEO Robert Ott (pictured).
“David and his team have built a formidable business and we welcome them to ole.”
“Compact Media is delighted to be joining ole,” said Johnson.
“Over the last few years we have built up a loyal and varied customer base which we believe will benefit greatly from this new combination with ole. The team at ole has impressed us with the quality and breadth of their service offering which we think will provide an even better platform for us to serve our client base with the personal and expert levels of service they are used to.”
Compact Media’s services include: secondary re-transmission rights collection, production finance, music publishing, revenue assurance and data and technology services.
Founded in 2004, with operations in Toronto, Nashville, New York, Los Angeles and London, 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, Taylor Swift, and Timbaland.
ole controls A/V music and secondary rights including catalogs from Sony Pictures Entertainment, Entertainment One, MGM, Miramax, Nelvana, and Nu Image/Millennium, as well as an extensive production music library of over 750,000 tracks including Jingle Punks, Cavendish Music, 5 Alarm Music, MusicBox, Nelvana Production Music, Auracle, and Cue.
In February, it acquired Imagem Production Music for an undisclosed fee.
Current ole writers include Timbaland, Tyler Farr, Josh Dorr, Gord Bamford, Brett Jones, Jeremy Stover, Phil O’Donnell, Jordan Davis, and Ian Thornley. ole has ongoing ventures with Last Gang Publishing, Roots Three Music, Jackoby Publishing, and most recently, ole-Bluestone Publishing, ole’s venture with global hitmaker Timbaland.
ole’s legacy catalogs and writers include Rush, Max Webster, Coney Hatch, and Ian Thomas.
ole also operates a label services arm under the umbrella of ole label services.
The division includes Anthem Entertainment Group, the label home of Rush, Big Wreck, Ian Thornley, Steven Page, The Tea Party. Anthem Legacy includes; Max Webster, Ian Thomas, and artist development label red dot, which has developed and up-streamed artists including Charlie Worsham, Haley Reinhart, Josh Dorr, Sam Grow, and Jordan Davis.Music Business Worldwide