Business
Cutting Edge acquires AMC Studios’ full catalog of TV music rights, including compositions from hit series ‘The Walking Dead’ (Music Business Worldwide)
Cutting Edge Group has been a prominent buyer of film and TV music rights over the past few years.
Today (September 3), the UK-born company has announced its latest transaction: The acquisition of AMC Studios’ “full portfolio of TV music rights,” adding compositions from hit TV series including The Walking Dead franchise and Anne Rice adaptations to its media music portfolio.
Cutting Edge, led by CEO Philip Moross, said it has acquired both the publishing and master rights to AMC Studios’ entire TV music library for an undisclosed amount.
The compositions and recordings from the latest deal join CEG’s total portfolio of over 400,000 owned and/or managed media music rights, which it says is valued at more than USD $1 billion.
Cutting Edge Group completed a USD $500 million debt refinancing in April last year, with a syndicate of four banks led by US-based Fifth Third Bank and Toronto-headquartered private investment firm, Northleaf Capital Partners.
Cutting Edge said at the time that it had already identified a “circa USD $1.5 billion pipeline” of potential investments.
The transaction marks the latest expansion for Cutting Edge following its partnership with Warner Bros. Discovery in January to create a joint venture through which it now co-owns and co-manages the studio’s vast catalog of film and TV music, spanning almost a century.
“AMC Studios’ catalogue represents some of the finest storytelling in modern television and we are honoured to become custodians of the remarkable music behind it.”
Tara Finegan, Cutting Edge Group
The company’s latest acquisition covers music from AMC’s original programming over the past decade.
The Walking Dead ran for 11 seasons and 177 episodes. The franchise has expanded into multiple spin-offs including The Walking Dead: Dead City and The Walking Dead: Daryl Dixon.
Other assets in the deal include Anne Rice’s Interview With The Vampire, Anne Rice’s Mayfair Witches, Into the Badlands and Dark Winds.
The deal also sees CEG secure rights to music from future seasons of existing franchises The Walking Dead: Daryl Dixon, premiering in September, Anne Rice’s The Vampire Lestat, expected in 2026, Anne Rice’s Talamasca: The Secret Order, premiering in October, and a new Immortal Universe TV series.
According to Cutting Edge, under the deal, AMC Networks will continue to use the music within AMC Studios’ series “in perpetuity.”
Commenting on the latest deal, Tara Finegan, COO of Cutting Edge Group, said: “AMC Studios’ catalogue represents some of the finest storytelling in modern television and we are honoured to become custodians of the remarkable music behind it.
“Being a record label partner to AMC since 2016 through our soundtrack division, Lakeshore Records, and having released the soundtrack album of Bear McCreary’s iconic The Walking Dead score, we have first-hand experience with how valuable and long lasting this studio’s catalogue is and we look forward to carrying this extraordinary body of work into its next chapter.”
Tim Hegarty, Head of M&A at Cutting Edge Group, said: “This investment reflects our unwavering commitment to securing the very best music rights in the media & entertainment industry.
“Our ability to complete deals of this caliber is testament to the reputation we have established within the Film and TV industry over the past decades.”
“We have a deep conviction in this subsector of the music copyrights market, having completed 25 acquisitions in just four years, and are confident we can grow the audience and revenue potential of the portfolio by utilizing our team’s specialist experience and operating expertise.”
Full article available via Music Business Worldwide here.
Warner Bros strikes $1bn deal for music catalogue including theme from ‘Friends’ (Financial Times)
Warner Bros Discovery has struck a deal worth more than $1bn to create a joint venture that will own and manage almost 100 years of film and television music, including the theme from Friends and the soundtrack to the Harry Potter movies. The sale of the library, one of the most valuable owned by a major Hollywood studio, will raise money for WBD as chief executive David Zaslav seeks to boost the company’s share price and cut its debt. The library includes some of the most recognisable theme songs and scores, such as the original John Williams’ Superman score. The music rights will be sold into a joint venture with UK-based Cutting Edge Group, a music financier and publisher, which will invest money into acquiring part of the portfolio and managing the assets. German asset manager DWS is co-investing in the transaction.
The music rights will be sold into a joint venture with UK-based Cutting Edge Group, a music financier and publisher, which will invest money into acquiring part of the portfolio and managing the assets.
The deal is the latest to demonstrate the growing popularity of music rights as an asset class, attracting investors who want to benefit from revenue generated by streaming and performances. CEG will be tasked with ensuring that royalties are being paid around the world, as well as seeking to drive income from the music through licensing deals. The vast majority of the revenues from the more than 400,000 compositions and song cues will be from the public performance rights, taking a fee every time one of the movies or TV shows is viewed around the world.
The companies said creating the joint venture would be one of the largest music rights transactions by value, spanning almost 100 years of copyrights. WBD will retain creative and operational control of the music. The portfolio also includes music from movies such as the Lord of the Rings franchise, Rebel Without a Cause and Blade Runner, as well as TV shows including Game of Thrones, Succession and The West Wing.
CEG, founded in 2006 by entrepreneur Philip Moross, last year secured $500mn in debt funding to invest in creating and buying music rights for films, TV, theatre productions and computer games. Its portfolio of more than 2,000 titles includes publishing rights to films such as Aquaman. Moross, whose negotiations to conclude the deal with the US media and entertainment company took several years, described WBD’s music as an “iconic assembly of catalogues created over almost a century by one of Hollywood’s original studios”. As an asset class, music rights “continues to be very well-liked”, he added. Paul Broucek, WBD’s president for music, said: “This partnership with CEG is the perfect way to expand access to our unparalleled music library while honouring our long history of strong creative oversight and protecting the integrity of the works and artists.” Tara Finegan, chief operating officer of CEG, said the company was best placed to manage a catalogue that was “one of the best that exists” because it was an investor with a “fundamental understanding of these specialist music rights”.
Full article available via Financial Times here.
Cutting Edge’s White Stork Music Enters Partnership with Touchdown Films (Billboard)
Cutting Edge’s White Stork Music division, the publishing company founded by U.K. composer Tom Howe, has entered a partnership with U.K. production company Touchdown Films. White Stork will now provide Touchdown with finance, world-class music services and access to White Stork’s catalog of music for current and future productions. White Stork retains intellectual property rights to its original music composed for Touchdown’s slate of projects.
Full story available via Billboard here.
Cutting Edge Secures $500M for Music Rights (Billboard)
Cutting Edge Group (“CEG” or the “Group”), an investor in and manager of niche media music rights encompassing more than 2,000 titles across soundtrack albums, completed a $500 million debt refinancing with four banks led by Fifth Third Bank and Northleaf Capital Partners.
The new credit facility will be used for corporate purposes as well as the acquisition of music rights from the roughly $1.5 billion pipeline of possible investments already identified by Cutting Edge.
“Cutting Edge has become a world leading music partner to the film and tv industries,” said Philip Moross, CEO of Cutting Edge Group, in a statement. “During that time, the structural trends driving our industries have accelerated exponentially, delivering a proliferation of digital platforms and content, matched by an increase in demand for media music usage. Prior to the pandemic, we identified a similar opportunity in the global wellness market, which is now projected to grow at 10% per annum to a US$7 trillion market by 2025. This refinancing will enable us to execute our growth strategy to take full advantage of these trends in our usual disciplined way.”
Full article available via Billboard here.
Music Rights Investor Cutting Edge Secures $500mn to Fund Acquisition Spree (Financial Times)
A UK-based media group has secured $500mn in debt funding to invest in creating and buying music rights for films, TV, theatre productions and computer games in a sign of continued interest in the asset class among investors.
Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital.
CEG will use the additional funds to buy and manage music rights, as well as finance new film and TV scores. The group is already in talks over more than $1bn of potential acquisitions, which could be further funded by bringing in third party investors.
CEG is a specialist in owning and managing music featured in film, TV, theatre productions and video games. Its existing portfolio of more than 2,000 titles includes the publishing rights to films such as Aquaman and distribution rights of The Jungle Book.
CEG, which was founded in 2006 by entrepreneur Philip Moross, also operates a business creating and managing portfolios of “wellness music”, which aids sleep or focus. Majority owned by Moross the company also provides music for spas and hotels around the world.
Moross, who is working with artists such as hip hop producer Timbaland producing wellness music, said the genre was popular on streaming platforms, with some tracks being streamed billions of times.
Music rights have become an increasingly popular investment on the back of rising revenues from streaming — which offers a growing income — with several specialist funds set up to own and manage the rights.
Full article available via Financial Times here.
BROADWAY RECORDS FOUNDER VAN DEAN TO LAUNCH NEW LABEL: CENTER STAGE RECORDS (Broadway World)
Grammy Award and Tony Award-winning producer Van Dean is launching his new record label, Center Stage Records. The new label already has over two dozen albums scheduled for the coming year, including exciting titles from Broadway, Off-Broadway, London’s West End, concept recordings and major Broadway solo artist recordings.
In addition to its New York headquarters, Center Stage Records is deeply committed to the West End/London theatre and is establishing a London office which will be led by Executive Director, London producer/GM, Jamie Chapman Dixon.
Broadway Records’ Robbie Rozelle will also be joining Center Stage Records as its A&R Director and will design the artwork/packaging for its new releases. He will also continue to conceive and produce albums with key artists.
Most recently, Van Dean has been running Broadway Records under the ownership of Cutting Edge Group, which acquired the premier label from Dean in early 2020. The intention is for Center Stage to collaborate with Broadway Records on selected releases in the future and for Dean to consult for Broadway Records/Cutting Edge to aid in the transition. As part of Dean’s new venture, Center Stage will take over the management and distribution of nearly two thirds of the Broadway Records back-catalog with the remaining one third of titles staying with Broadway Records.
Under Cutting Edge, Broadway Records will continue as a leader in the musical theater album space, supporting its valuable retained catalog of titles, and releasing select new frontline cast albums including with its existing production partners such as The National Theatre in London.
For more info on Center Stage Records please visit: www.centerstagerecords.com
Van Dean (President and Founder) is a Tony Award and Grammy Award winning producer. He co-founded Broadway Records which released nearly 300 albums during his leadership. Van earned his Grammy Award for helping to produce the Broadway Records’ release of the 2015 Broadway revival of The Color Purple. His Grammy nominations were earned for his work on Matilda the Musical, My Fair Lady and Caroline, or Change. Van also executive produced well over 200 other albums including 9 that were Grammy Award nominated.
His theatrical production credits include The Gershwin’s Porgy and Bess (Tony Award), Rodgers and Hammerstein’s Cinderella (Tony Award nomination), Anastasia, Jagged Little Pill by Alanis Morissette and Diablo Cody (Tony Award nomination), How to Dance In Ohio, The Lightning Thief: The Percy Jackson Musical, Matilda (Tony Award nomination), Evita (Tony Award nomination), Gore Vidal’s The Best Man (Tony Award nomination), Catch Me If You Can (Tony Award nomination), The Velocity of Autumn, Big Fish, Bonnie & Clyde, Chinglish, the Off-Broadway production of You’re A Good Man, Charlie Brown (2016) and ROOMS a rock romance and the national tours of Anastasia, Matilda, Cinderella, The Lightning Thief and more. He was also a producer of Master Class with Tyne Daly and the 2022 and 2023 productions of Bonnie & Clyde in London’s West End. Upcoming: Death Note, Wild, Goodbye New York, SMASH, Figaro, Little Dancer, Song of Bernadette.
He co-produced Broadway For Orlando’s “What The World Needs Now Is Love” to raise funds for the GLBT Community Center of Central Florida. The charity single was featured on NBC’s “Maya and Marty” and at the Democratic National Convention in 2016. He co-conceived and co-Executive Produced the anti-bullying single “I Have A Voice” featuring 70 Broadway kids from Matilda, School of Rock and more and co-produced the new Broadway United music video of “We Are The World”. He also co-conceived and produced From Broadway With Love: A Benefit Concert For Sandy Hook featuring 100 Broadway stars, a 40 piece orchestra and 300+ children from Newtown and From Broadway With Love: A Benefit Concert for Parkland, USA at the BB&T Center Arena in Sunrise, FL and co-produced the Emmy Award winning From Broadway With Love: A Benefit Concert For Orlando. He is also a co-producer of the feature film documentary “Midsummer in Newtown” which premiered as a Spotlight selection at Tribeca Film Festival. Van has several major film and television musicals in pre-production.
Full article available via Broadway World here.
CUTTING EDGE ACQUIRES MAJORITY STAKE IN WHITE STORK, THE PUBLISHING COMPANY OF UK COMPOSER TOM HOWE (Music Business Worldwide)
Cutting Edge Media Music (CEMM) has acquired a majority interest in White Stork, the publishing company of award-winning UK composer Tom Howe.
CEMM did not disclose the financial terms of the investment, although it said that the deal is aimed at expanding the White Stork business.
CEMM’s collaboration with multi-instrumentalist Tom Howe has produced original music for over 80 Emmy and BAFTA-winning dramas and documentaries, including shows such as Ted Lasso, The Great British Bake Off and Daisy Jones & The Six, as well as major motion pictures, such as Warner Bros. Wonder Woman and Legends of Tarzan.
As a songwriter, Howe has also written a number of international Top 40 hits. He most recently co-wrote the song Fought & Lost alongside Sam Ryder and Jamie Hartman that was featured in the penultimate episode of Ted Lasso’s final season.
“It’s great to be working with Cutting Edge Media Music and Tamsin Dove on this new venture. They both have so much experience and I’m hugely excited to see what we can accomplish together,” Howe said.
White Stork, which boasts studios in London and Los Angeles, will publish all of Tom Howe’s future work following the deal.
"This creative and strategic partnership brings Cutting Edge Media Music one step closer to its long-term goal of becoming the pre-eminent media music publisher and services provider in the world."-Philip Moross, Cutting Edge Group
Cutting Edge Group founder and CEO Philip Moross added: “We are excited to be working with such a high-caliber talent as Tom Howe. This creative and strategic partnership brings Cutting Edge Media Music one step closer to its long-term goal of becoming the pre-eminent media music publisher and services provider in the world. I am thrilled to have Tamsin Dove on board leading the team, her expertise with leading international broadcasters as both licensor and licensee is a huge asset to our global teams.”
In addition to the stake sale between CEMM and White Stork, the pair also intend to form a joint venture led by Cutting Edge Chief Commercial Officer Tamsin Dove, who joined the company in September.
In her new role, Dove will lead bespoke music production and licensing for the group across CEMM’s London and LA offices and manage the diverse, hand-selected roster of award-winning composers.
Dove previously served as Head of Television for UK and APAC at global music publisher, Audio Network. In that role, she secured and managed deals with Amazon, BBC, ITV, C5, C4, Discovery, Disney, Turner, and Netflix. Dove has licensed music for major motion pictures like The 355, Mrs. Harris Goes to Paris, Logan, and successful TV shows including Married at First Sight, Upright, Emmerdale, Shetland, Four in a Bed, and Top of the Lake.
She has also worked closely with a number of musicians including; Rag’n’Bone Man, Tokio Myers, Maroon 5 and music legends Neil Diamond, The Proclaimers, and Earth, Wind & Fire.
“I am humbled and thrilled to be working with both Cutting Edge Media Group and Tom Howe and leading this new venture. By combining Cutting Edge’s growing high-caliber back catalogue, with the bespoke music services under Tom Howe’s helm, we are on track for becoming the leading full-service music provider internationally,” said Dove.
The acquisition of White Stork adds to CEMM’s extensive catalog of music from popular films and TV series, including Hollywood blockbusters such as The King’s Speech and Three Billboards Outside Ebbing, Missouri, as well as high-profile video games like Cyberpunk 2077.
These assets are available for licensing for media and brands through the White Stork team.
CEMM is a unit of Cutting Edge Group, which provides music for different forms of media including film, televisions, video games, advertising and Broadway across its publishing, label, services, and marketing verticals. It owns and controls the music IP in some of the most popular media properties and franchises globally.
CEMM acts as a financier, publisher, record label and has provided a range of music services to over 1,000 feature films, tv shows, musical theatre productions and video games, including such films and television shows including Stranger Things, Bridgerton, The King’s Speech, Drive, Star Trek: Discovery, Fury, John Wick, Sicario, Whiplash, Hacksaw Moonlight Ridge, and The Walking Dead, as well as Broadway shows like Matilda, The Color Purple, Anastasia, and My Fair Lady.
CEMM’s brands include Lakeshore Records (Soundtrack Label), Music.Film (film & TV music licensing platform), Broadway Records (musical theater label), Cutting Edge Music Publishing (music publisher), 12on12 (specialty vinyl), CEG Analytics (royalty tracking & analysis), and most recently, White Stork (custom music house).
The acquisition of White Stork adds to CEMM’s extensive catalog of music from popular films, TV series, and video games. These assets are available for licensing through the White Stork team.
CEMM, a division of Cutting Edge Group, specializes in music for various media platforms and operates as a financier, publisher, and record label. The company has provided music services to numerous feature films, TV shows, musical theater productions, and video games. Their brands include Lakeshore Records, Music.Film, Broadway Records, Cutting Edge Music Publishing, 12on12, CEG Analytics, and the recently acquired White Stork.
CEMM’s acquisition of White Stork follows its eight-figure deal with pop songwriter and producer Jamie Hartman in May and the purchase of a major film music catalog from First Score Music Ltd. in March.
The company secured $125 million for music publishing rights acquisitions in collaboration with affiliates of Blantyre Capital in 2022 and obtained an additional $100 million from banks led by Pinnacle Financial Partners in February 2023.
Full article available via Music Business Worldwide here.
CUTTING EDGE STRIKES EIGHT-FIGURE DEAL WITH POP SONGWRITER AND PRODUCER JAMIE HARTMAN (Music Business Worldwide)
UK-headquartered Cutting Edge Media Music (CEMM) has been one of the most active buyers of film and TV music rights over the past few years.
In 2022, it partnered with affiliates of London-based Blantyre Capital in a deal that secured $125 million for acquisitions of music publishing rights from composers who write music for film and TV.
With those funds now fully deployed, earlier this year CEMM secured another $100 million from banks led by Nashville-based Pinnacle Financial Partners.
Now CEMM is stepping into the world of pop music, striking a deal with prominent songwriter and producer Jamie Hartman, who’s written or co-written numerous hits for artists such as Lewis Capaldi, Celeste, Calvin Harris, Rag’n’Bone Man and the Backstreet Boys, among many others.
CEMM says it “will purchase the majority of Hartman’s back catalog royalties”, published through his deal with Reservoir Media, which includes hundreds of songs he’s written and collaborated on with artists including Rag ‘n’ Bone Man, Calvin Harris, Kygo and Lewis Capaldi as well as songs for commercials, TV and film written with artists such as Carole King, Jennifer Hudson and Christina Aguilera.
MBW understands that CEMM has bought the majority of Hartman’s writers’ share. Hartman continues to be published by Reservoir.
The deal was done on Hartman’s behalf by Milk & Honey Music’s Peter Coquillard and Lucas Keller, Hartman’s longtime managers.
The deal “represents a key move by CEMM to expand its reach beyond primarily instrumental composers and engage strategically with songwriters in the pop realm and other genres to capitalize on unique opportunities advantageous to both parties,” CEMM said in a statement.
MBW understands that the deal tipped into the eight-figure realm.
Hartman’s work straddles the Top 40 music scene and film and TV scores. He co-wrote Rag’n’Bone Man’s 2016 mega-hit Human, as well as Rag’n’Bone Man’s collab with Calvin Harris, Giant.
He also co-wrote and co-produced the Backstreet Boys’ 2018 hit Don’t Go Breaking My Heart. More recently, he wrote two songs on Lewis Capaldi’s 2019 album Divinely Uninspired to a Hellish Extent, and also has a cut on Heavenly Kind of State of Mind from Capaldi’s new album, Broken by Desire to Be Heavenly Sent.
Elsewhere, he co-wrote and co-produced many of the songs on Celeste’s 2021 debut album, Not Your Muse, including Stop This Flame, which was chosen as the theme song for Sky Sports’ Premier League coverage, and also appeared in a Peloton ad.
Hartman’s film and TV credits include My Loyal Brave and True, from Disney’s Mulan, which was performed by Christina Aguilera; The Measure of a Man from 20th Century Studios’ The King’s Man, performed by FKA Twigs; and Here I Am Singing My Way Home, from the aretha Franklin biopic Respect, performed by Jennifer Hudson and Carole King.
In the wake of the deal, Hartman continues to have hits with the likes of the track Fought and Lost, co-written by Hartman and performed by Sam Ryder (which appeared in the penultimate episode of Apple TV+ hit comedy Ted Lasso), and with Dancing is Healing by Charlotte Plank, Rudimental, and Vibe Chemistry.
Hartman has won multiple BMI Pop Awards, Ivor Novello Awards, Brit Awards, and a Music Week Award.
“I am very proud of those songs, written over 30 years, and to have Cutting Edge echo that sentiment, and to be working on behalf of those songs alongside my long-term publishers Reservoir and their team, is fantastic,” Hartman said in a statement.
“This endeavor represents an exciting expansion of our company’s scope and we are honored to be working alongside the extraordinarily talented Jamie Hartman,” said Philip Moross, CEO of Cutting Edge Group, the parent company of CEMM.
Launched in the early 2000s, Cutting Edge operates as a financier, publisher, and record label. Its divisions include Lakeshore Records (a soundtrack label), Music.Film (a film and TV music licensing platform), Broadway Records (a musical theater label), Cutting Edge Music Publishing (a music publisher), 12on12 (specialty vinyl), White Stork (a custom music house) and CEG Analytics (royalty tracking & analysis).
It has so far provided a range of music services to over 1,000 feature films, TV shows, musical theater productions and video games, including the TV shows Stranger Things, Bridgerton, Star Trek: Discovery and The Walking Dead.
Films have included Drive, Fury, John Wick and Sicario, while major video games have included Sunset Overdrive, Assassins Creed Valhalla, Red Dead Redemption and Cyberpunk 2077. Its theatrical works have included such Broadway shows as Matilda, The Color Purple, Anastasia, and My Fair Lady.
Earlier this year, Cutting Edge announced a new joint venture with Village Roadshow Entertainment Group, parent company of Village Roadshow Pictures and Village Roadshow Television.
The deal covers all of VREG’s past and future music publishing assets, soundtrack album releases and music supervision services, as well as VREG’s music assets for film and scripted and unscripted television.
Among CEMM’s recent deals is the acquisition of a “major film music catalog” from UK-headquartered First Score Music Ltd., which included full master and publishing rights to more than 75 “premium” film scores.
Terms of the deal were undisclosed, but a source told MBW that the deal was worth in the high seven figures.
Tim Hegarty, CEMM’s Head of Mergers & Acquisitions, added: “We are thrilled to announce the acquisition of Jamie’s award-winning catalog, which bridges audio and visual media. We see a huge scope to build on Jamie’s existing reputation in film and TV, and look forward to partnering with his team on new opportunities in the future.
“This marks a new chapter for CEMM as we look to ally with world renowned songwriters who are looking to expand their profile in the motion picture industry.”
Music rights acquisitions have become a booming business in recent years, with some $5 billion in transactions in 2021 alone, and film and TV rights are a major part of that.
Full article available via Music Business Worldwide here.
Cutting Edge Acquires First Score Film Music Catalog (Billboard)
Financing and investment company Cutting Edge Media Music acquired the full music catalog of U.K.-based media company First Score Music. The acquisition gives Cutting Edge complete master and publishing rights to over 75 film scores, including original music rights to films from Andy Serkis and Jonathan Cavendish‘s Imaginarium Productions. This includes Imaginarium’s upcoming animated version of George Orwell’s Animal Farm, as well as its Taika Waititi-directed film Next Goal Wins with a score by Michael Giacchino.
The acquisition gives Cutting Edge complete master and publishing rights to over 75 film scores, including original music rights to films from Andy Serkis and Jonathan Cavendish‘s Imaginarium Productions.
The catalog also includes scores by composers such as Carter Burwell, Christophe Beck, Hildur Guðnadóttir, David Newman and Rachel Portman for films including Sicario: Day of the Soldado; Three Billboards Outside Ebbing, Missouri; Midway; and Greenland.
Full article available via Billboard here.
Cutting Edge Reveals Multimillion-Dollar Deal for First Score Music’s Catalog — Encompassing 75+ Film Scores (Digital Music News)
Last month, Cutting Edge Media Music (CEMM) announced that it had obtained $100 million in new financing and disclosed plans “to help give the next wave of film and TV composers the opportunity to monetize their catalogues.” Now, the company has acquired the catalog of First Score Music.
Cutting Edge Media Music unveiled the “multi-million dollar deal” with the UK’s First Score Music today, and the transaction is said to encompass both the master and publishing rights behind north of 75 film scores. Featured within the latter is the original music from several movies by Andy Serkis and Jonathan Cavendish’s Imaginarium Productions, the forthcoming animated adaptation of Animal Farm among them, according to CEMM.
The Cutting Edge Group subsidiary – which operates a soundtrack arm called Lakeshore Records as well as a namesake publishing unit – likewise relayed that the buyout includes the scores of Sicario: Day of the Soldado (2018), Three Billboards Outside Ebbing, Missouri (2017), Midway (2019), and STX-distributed Greenland (2020).
Additionally, Cutting Edge specified that the play extends to the score of Next Goal Wins. Directed by Taika Waititi (who also directed Thor: Love and Thunder and is married to singer-songwriter Rita Ora), Next Goal Wins is slated to debut this September.
In a statement, Cutting Edge Group founder and CEO Philip Moross acknowledged his ambitious vision for CEMM and the associated significance of today’s deal, indicating: “This purchase brings Cutting Edge Media Music closer to its long-term goal in becoming the pre-eminent media music publisher and services provider in the world.”
And in remarks of her own, longtime Cutting Edge Group COO Tara Finegan, who doubles as CEO of music-tech company CAAST, communicated: “Through CEMM and its divisions such as Lakeshore Records, CEMM can continue to invest in productions and provide a range of music services, including publishing the best original scores and releasing the best soundtracks.”
CEMM’s latest music-IP acquisition arrives as more than a few other companies, evidently unperturbed by rising rates and turbulence throughout the broader economy, are also continuing to inject capital into song rights.
Earlier today, AMR Songs bought the catalog of The Lovin’ Spoonful’s John Sebastian, while Mojo Music & Media three weeks back touted its purchase of a “trove of classic catalogs,” including the music IP of Duran Duran’s Warren Cuccurullo. Lastly, Reservoir one month ago scored a catalog agreement with Sonny Rollins, and Spirit Music Group owner Lyric Capital concluded February by detailing the close of its second, $800 million music royalty fund.
Full article available via Digital Music News here.