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UK-headquartered Multimedia Music has made its newest acquisition within the movie and TV music rights area.
Multimedia Music has closed a deal to amass the music publishing rights from the movie music library of Millennium Media.
MMM will co-publish the catalog with present co-owner and administrator Kobalt Music.
The catalog deal follows a latest intensive spherical of acquisition exercise by MMM.
Along with the purchases of a 50% stake in Steven Spielberg’s Amblin Companions catalog and the acquisition of the STX Leisure music library, MMM bought the Atlantic Display Music library and the catalogs of music revenue and copyrights from quite a few composers together with James Newton Howard, Tyler Bates, David Buckley, Michael Corcoran, Sean Callery and Trevor Morris.
Millennium Media. Inc. is described as one of many longest-running unbiased movie corporations in Hollywood.
Millennium is thought for the field workplace hits The Expendables franchise, the Fallen franchise, The Hitman’s Bodyguard franchise, Mechanic: Resurrection, and the profitable reboot of the Rambo franchise, Rambo: Final Blood.
Multimedia Music says it has deployed over $150 million on acquisitions since launching in late 2021.
The corporate, based by business veterans Phil Hope and James Gibb, has raised $200 million in two funding rounds, from Metropolitan Companions Group, Bardin Hill, Pinnacle Financial institution and Areas Financial institution.
“Millennium Media persistently produces excessive caliber, industrial movies made for the massive display screen which have earned over two billion {dollars} on the field workplace.”
James Gibb, Multimedia Music
James Gibb who based Multimedia Music with colleague Phil Hope mentioned: “Millennium Media persistently produces excessive caliber, industrial movies made for the massive display screen which have earned over two billion {dollars} on the field workplace.
“We’re thrilled to have secured this catalog which incorporates music from acclaimed award-winning composers.”
Copyrights belonging to composers for movie and TV have gotten massive enterprise.
Different corporations working within the area embody Chopping Edge Media Music, which lately acquired a majority curiosity in White Stork, the publishing firm of UK composer Tom Howe.
CEMM secured $125 million for music publishing rights acquisitions in collaboration with associates of Blantyre Capital in 2022 and obtained an extra $100 million from banks led by Pinnacle Monetary Companions in February 2023.Music Enterprise WorldwideMusic Enterprise Worldwide
