Clear, the production music division of Canadian music publishing firm ole, has acquired the MusicBox, a Los Angeles-based music production company founded in 2002. Terms of the deal were not disclosed.
The deal brings 24,000 tracks created for television and films into ole's portfolio, which now consists of 150,000 tracks, while allowing MusicBox to continue to operate and retain its staff. MusicBox was co-founded by Joel Goodman and Daniel Stein. The company's staff includes Emmy Award winner Jonathan Firstenberg.
The deal also includes the rights to represent music tracks in 17 sub-published libraries across the United States, including Deep East Music, MusicBox Classics, Gourd Music, Hella Good Records, Cue, Urban States America, Private Reserve, Spider Cues, Tread, Vibey Library, Boombox, Camaleon, Epic, Music For Sport, Icon, Ultraphonic, Roar and Hens Teeth Music, among others.
This deal will convey significant benefits to Clear, including mutual contributions to repertoire offerings and access to existing international sub-publishing networks, according to a news announcement. Conversely, the deal adds ole Clear's Attitude, Nelvana and Masters libraries content to MusicBox's U.S. offering, while providing MusicBox with ole's copyright administration and financial services.
"Joel and Dan have created a great company at MusicBox [and] we take seriously our responsibility to continue the legacy of great customer service and creative at MusicBox," ole CEO Robert Ott said in a statement.