Bareilles Signs With New Manager
Singer-songwriter Sara Bareilles has found herself a new manager in Brandon Creed.
Creed, through his Creed Co., handles the careers of Bruno Mars and Mark Ronson, along with award-winning songwriting-production collective The Smeezingtons and bands Hunter Hunted and Falls. Creed is a former A&R executive at Epic Records, Bareilles’ label.
Bareilles split from longtime manager Jordan Feldstein after the Jan. 26 Grammy Awards, where she was nominated for album of the year.
Feldstein, who represents Maroon 5 and Robin Thicke, was involved in an altercation with Sharon and Kelly Osbourne on Jan. 25 at the Clive Davis/Recording Academy-sponsored Pre-Grammy Gala.
According to an insider, Bareilles also was considering Michael McDonald for representation. McDonald and longtime client John Mayer parted ways in December. Mayer has since signed with Troy Carter.
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-Shirley Halperin
Reservoir Buys First State
Songs by Sheryl Crow, John Denver and The Carpenters will now share a home with tracks by 50 Cent, 2 Chainz and Madonna after Reservoir Media Management bought the 26,000-song catalog of First State Media Group.
While terms of the deal weren’t disclosed, the First State catalog, which includes “The Twist,” “Louie Louie” and “Take the A Train,” generated about $4.5 million in net publisher’s share, but also came with a $2 million annual administration fee to BMG Rights Management through 2016. Reservoir paid about $40 million for the catalog, according to Billboard’s estimates, based on information that other bidders were in the $35 million range. Its cost to cut out the BMG contract was probably reduced by including terms that allowed BMG to act as subpublisher outside North America.
As a result of the deal, Reservoir’s catalog is now 75,000 songs strong.
-Ed Christman