Deal includes songs from Marc Anthony, Celia Cruz.
Peermusic has acquired the worldwide copyright to all the works of Caribbean Waves and Crossing Borders Music, the catalogs once affiliated with tropical indie powerhouse RMM Records.
Peer acquired the catalogs from owner Ralph Mercado, who in 2001 sold his label to the Universal Music Group, but retained ownership of his publishing houses.
RMM at one point was home to stars such as Marc Anthony,
India, Celia Cruz and Tito Puente. Many of the songs performed by these acts were part of the Caribbean Waves (ASCAP) or Crossing Borders (BMI) catalogs.
Highlights from the acquisition include "El Ultimo Beso" and "Si Tu Te Fueras," both performed by Marc Anthony, "Mi Error" (performed by Oscar D'Leoßn) and "La Voz de la Experiencia" (by Celia Cruz and India). It also includes songs by marquee tropical writers such as Domingo Quinones.
Up until July 1, Sony ATV was administering both catalogs outside of the United States. Now, Peermusic will take over all operations.