Warner/Chappell Music Publishing and Miramax film and television studios today announced an agreement under which Warner/Chappell will acquire the masters and publishing rights for all film music owned by Miramax. The agreement builds on the companies' existing relationship through which Warner/Chappell administered Miramax's film music publishing across most of Europe and South America. Terms of the deal "are not being disclosed," according to a release from Warner/Chappell.
The Miramax music library contains music from Academy Award winners The Cider House Rules, Chicago, Cold Mountain and Frida, films such as Gangs of New York, Finding Neverland, Good Will Hunting, Chocolat, Sin City, The Boy in the Striped Pajamas and music from several hundred other Miramax films. The catalog includes works from celebrated composers such as Academy Award winners Howard Leslie Shore, Jan A. P. Kaczmarek, Gabriel Yared and Rachel Portman, as well as Grammy Award® winner Danny Elfman.
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Warner/Chappell will license performance rights from the Miramax music catalog in screenings and broadcasts of the films, and will develop new synchronization usages of the music across TV, film, advertising, games and the internet, according to the release.
"This deal is a good example of Warner/Chappell's focus on developing extraordinary repertoire, through both organic growth and acquisition. The Miramax library of music is filled with gems from decades of renowned films, and our expertise in creating new opportunities for great music makes Warner/Chappell the perfect home for this incredible collection" said Cameron Strang, Chairman & CEO, Warner/Chappell Music.
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"We are very pleased with this agreement, which ensures the music from the iconic Miramax film library is further nurtured by the outstanding and innovative music industry experts at Warner/Chappell, and enables us to continue to focus on our studio and our films, our core creative product," said Mitzi Reaugh, SVP, Business Development and Strategy, Miramax. "Miramax's partnership with Warner/Chappell is the perfect example of our strategy to collaborate with the best, and we look forward to working with Warner/Chappell on catalog and future initiatives."