Grammy-Award winning songwriter Jordan Reynolds has launched Hit Ranch, a new Nashville-based firm designed to broker the sale of songwriters’ catalogs.
Reynolds, and co-founder Nick Burnett, announced the launch today (February 14), and that they established Hit Ranch with the sale of Reynolds’ own catalog last month.
According to a media release, the duo worked with “key players in the local and global market for catalog acquisitions”, and ended up inking a deal with Warner Chappell Music.
Reynolds is a consistent co-writer of Dan + Shay hits, including 10,000 hours (with Justin Bieber), which has seen over 759 million plays on Spotify.
The multi-Platinum songwriter’s songs have also been recorded by the likes of Lady A, Camilla Cabello, LANY, Thomas Rhett, Carrie Underwood, Keith Urban and more.
Reynolds has written six No.1 songs across three genres, including 7x Platinum hit Tequila, which was named 2019 Song of the Year by the Academy of Country Music.
He also garnered two Grammy Awards for chart-topping songs 10,000 Hours and God Only Knows.
“I was interested in possibly selling my catalog but realized I really didn’t know where to start. There’s still a lot of ambiguity around the process.”
Reynolds said: “I was interested in possibly selling my catalog but realized I really didn’t know where to start. There’s still a lot of ambiguity around the process.
He added: “In talking to my songwriter friends, I realized many of them felt the same way.
“I wanted to figure out a way to change that and offer a simple solution to anyone considering selling their catalog.”
“Jordan understands the songwriting community better than just about anybody and brings such important perspective to the world of catalog sales.”
Nick Burnett, Hit Ranch
Nick Burnett, Hit Ranch co-founder added: “Jordan understands the songwriting community better than just about anybody and brings such important perspective to the world of catalog sales.
“I’m excited to work with him on Hit Ranch to offer a transparent and low-fee option to songwriters.
“We’ve found the community of publishers and song funds to be exceptional and fair people who genuinely care about the songs they are purchasing and the future deals for the songwriters.
“We are looking forward to continuing to work closely with them on many future deals.”Music Business Worldwide