Agreement covers 15,000 songs ex-N.A., China.
London-based independent publisher Kobalt Music Group has clinched an exclusive administration agreement with Nashville-based EverGreen Copyright Acquisitions covering the world excluding North America and China.
Through the pact, Kobalt will initially administer more than 15,000 works from such artists as J.J. Cale, Nick Drake, Morphine, Zero 7, Fairport Convention and Violent Femmes.
EverGreen will oversee its own copyright and royalty administration for North America. "We are presently reviewing several options for administration in China, and we have not finalized anything yet," comments EverGreen co-founder David Schulhof.
Under the terms of the agreement, Kobalt will also represent all of EverGreen Copyrights' works for synchronization in film, TV, and advertising outside North America and China.
Kobalt founder and CEO Willard Ahdritz describes the agreement as a "significant deal." Ahdritz says that EverGreen represents "exceptional catalogs of quality copyrights."
EverGreen was launched in 2005 by Joel A. Katz, a leading entertainment attorney who is an investor and non-executive partner in the company; Richard Perna, formerly COO of Hamstein Music Group; and Schulhof, formerly VP of motion pictures music for Miramax.
Earlier this year, the company significantly bolstered its publishing business with the acquisition of the publishing assets of Rykomusic and Warlock Music; the Teddy Riley catalog; the Audigram catalog; the Bill Monroe Music catalog; and the Matt Slocum catalog.
EverGreen has financial backing from Lehman Brothers Merchant Banking.