Remember when MBW told you back in February that Multimedia Music (MMM) had raised over $100 million to buy music copyrights in the film and TV space? It’s wasting no time spending that cash.
MMM has confirmed today (May 9) that it’s just closed a “mid-seven figure transaction” to acquire the master and publishing rights to a 48 title film score catalog from Atlantic Screen Music.
The Atlantic Screen Music catalog deal includes rights to the scores from films such as the Denzel Washington starring 2 Guns, as well as Lone Survivor, The Host, Dredd, Escape Plan, and Broken City.
Composers with works featured in the acquired catalog include Max Richter (Perfect Sense, Last Days on Mars), Lorne Balfe (Frozen Ground), John Paesano (Hirokin), John Debney (Alex Cross), Atticus Ross (Broken City), Antonio Pinto (The Host), Steve Jablonsky (Lone Survivor), Clinton Shorter (2 Guns) and Paul Leonard Morgan (Dredd).
Multimedia Music launched earlier this year with the help of a $100 million funding round from Metropolitan Partners Group and Pinnacle Bank.
At the time, the company had also acquired the music income and copyrights of film composer James Newton Howard.
James Newton Howard’s career spans over 30 years and encompasses more than 140 film and television projects.
These include Fantastic Beasts, the Hunger Games trilogy, The Dark Knight, Maleficent, Raya and the Last Dragon, Snow White and the Huntsman, King Kong, I Am Legend, Blood Diamond, Runaway Bride, ER, Emily In Paris and Pretty Woman.
The deal came shortly after the UK-based Cutting Edge Music Holdings partnered with affiliates of London-based investment firm Blantyre Capital to acquire music publishing rights owned by composers who write music for film and TV – committing an initial $125 million to the strategy.
“We are thrilled to acquire this catalog of premium film scores.”
James Gibb, Multimedia Music
James Gibb, Multimedia Music’s Managing Partner, said: “We are thrilled to acquire this catalog of premium film scores.
“Atlantic Screen Music includes scores from highly successful films produced by leading filmmakers, studios and music written by some of the industries most talented composers.”Music Business Worldwide