ole Acquires 50 Percent Stake in Nashville's SB21 Catalog

Luke Bryan
John Shearer/WireImage

Luke Bryan performs onstage at the 51st annual CMA Awards at the Bridgestone Arena on Nov. 8, 2017 in Nashville, Tenn.  

Canadian independent music publishing and rights management company ole has acquired a 50 percent ownership of SB21's catalogue of more than 2500 songs, including Luke Bryan's "Most People Are Good," Danny Gokey's "If You Ain't It," and Jason Aldean's "Like You Were Mine."

Nashville-based SB21 was founded in 2011 by artist, songwriter and producer Steve Pasch. In addition to Pasch, its writers are Brian White, David Frasier and Phil Roselle.

According to the announcement made today, ole "will now control all songwriter contracts and all administration rights to the catalog."

"We're thrilled to have the opportunity to work the SB21 catalog which has many hit songs in it. This is another great acquisition for ole," the company's vice president of creative John Ozier, ole said in a press statement.

Teresa Smith, the owner and managing partner of SB21, said of the decision: "The writers and partners of SB21 are very proud and excited to be working with ole in taking the SB21 songs to places where the music will be given the opportunity to speak for itself. We are honored to be joining ole's distinguished roster, and cannot wait to see the incredible things that the future will bring for this catalog."