Bell Media and ole Announce Worldwide Music Publishing, Acquisition, andRights Management Partnership
Submitted to Cashbox Canada
Bell Media has joined forces with ole, the world's fastest-growing independent rights management company, in an exclusive music publishing and administration partnership encompassing Bell Media's extensive in-house music catalog. With this deal, ole has concluded $20-million inacquisitions in the first quarter of 2017.
The multi-year deal will increase revenue generated from Bell Media's premier audio-visual collection of more than 12,000 tracks, including iconic television music such as "The Hockey Theme", CTV News themes and compositions from Bell Media's roster of #1 hit original programs.
"With our extensive music catalog, this is a great opportunity for us to grow its use internationally and capture new revenue streams," said TysonParker, Head of Artist and Music Industry Relations, Bell Media.
"ole is very pleased to be working with Bell Media and its world-classcontent production teams," said Robert Ott, Chairman and CEO, ole. "I lookforward to adding value to what this talented team is creating."
About Bell Media
Bell Media creates content and builds brands that entertain, inform,engage and inspire audiences through the platforms of their choice. BellMedia is Canada's leading content creation company with premier assets in television, radio, out-of-home advertising and digital media. Bell Media owns 30 local television stations led by CTV, Canada's highest-rated television network; 30 specialty channels, including TSN and RDS, Canada's most-watched specialty channels in English and French; and four pay TV services, including The Movie Network and Super Écran. Bell Media is also Canada's largest radio broadcaster, with 215 music channels including 105 licensed radio stations in 54 markets across the country, all part of the iHeartRadio brand and streaming service. Bell Media owns Astral Out of Home with a network of more than 30,000 advertising faces in British Columbia, Alberta, Ontario, Québec and Nova Scotia. Bell Media also operates more than 200 websites; delivers TV Everywhere with its CraveTV and GO videostreaming services; operates multi-channel network Much Digital Studios; produces live theatrical shows via its partnership with Iconic Entertainment Studios; and owns Dome Productions Inc., a multi-platformproduction company. Bell Media is part of BCE Inc. (TSX, NYSE: BCE),Canada's largest communications company.
ole is one of the world's foremost rights management companies with investments of over $550M in music intellectual property (IP). Founded in 2004, with operations in Toronto, Nashville, New York, Los Angeles and London, ole is engaged in IP acquisitions, creative development, andworldwide rights management. The ole catalog includes over 55,000 songs and60,000 hours of TV and film music across all genres. Copyrights under ole'scontrol include songs recorded by artists such as the Backstreet Boys,Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, JayZ, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, OneDirection, Rihanna, Rush, Taylor Swift, and Timbaland. ole controlssubstantial A/V music and secondary rights including catalogs from SonyPictures Entertainment, Entertainment One, MGM, Miramax, Nelvana, and NuImage/Millennium, as well as an extensive production music library of over750,000 tracks including Jingle Punks, Cavendish Music, 5 Alarm Music, MusicBox, Nelvana Production Music, Auracle, and Cue. InSeptember 2016, ole acquired rights management company Compact Media -which manages Audio-Visual Secondary Rights for more than 700 clientsaround the world - in a major deal that furthers ole's commitment todelivering leading-edge IP rights management services across the globe.
ole Digital is a full YouTube MCN partner for all media with over 12billion views across publishing, masters and A/V to date.