Scooter Braun Acquires Atlas Music Publishing, Home of Brandi Carlile: Exclusive
Scooter Braun’s Ithaca Holdings has acquired Atlas Music Publishing, sources tell Billboard. Braun, whose management clients include Ariana Grande, Justin Bieber and Zac Brown Band, has been shopping for a publishing company for more than a year, sources say.
Atlas' songwriter roster includes Brandi Carlile, the most nominated female artist at this weekend's Grammys, as well as Brian Howes, Dan The Automator and Warren Haynes. The company also retains numerous clients signed or acquired during its first few years, including Toby Gad (John Legend's "All of Me") and the Van Halen catalog.
Atlas Music was launched in 2013 by Rich Stumpf in conjunction with a pair of Italian publishers, Sugar Music and CamJazz, along with Aronson Media Ventures. Other Atlas investors came from the banking world including Goldman Sachs managing director Michael Dawley; and Sword, Rowe & Company, a merchant bank and advisor which has a minor stake in Atlas.
Ithaca Holdings formally announced the acquisition on Thursday, adding that Atlas will continue to do business out of their established New York, Los Angeles and Nashville offices.
"Richard has built an incredible publishing business with Atlas and we are excited to bring him and his team into the family,” said Braun. “By working with Richard and his team, we will have a direct line to some of the most creative writers making the publishing process more streamlined and personal."
Stumpf, formerly president of Imagem Music U.S., and before that senior vp of creative services and marketing for Cherry Lane, will retain a stake in the company, sources say, and they further add that he will still retain equity following the Braun deal.
"I've admired the work that Scooter has done over the years and his commitment for doing right by talent," said Stumpf. "He has the pulse of the music industry like no other. It was clear to me that beyond the business, Scooter was someone who genuinely wants to be part of the greater good. We look forward to many successful years together with Scooter, Allison Kaye and the rest of the SB team."
This article has been updated with comments from Braun and Stumpf.