The Deals: STX Music Library Acquired; Deezer to Power Sonos Radio
Also this week: Yusuf/Cat Stevens signs to Dark Horse Records, ClicknClear strikes a licensing pact with a major U.S. amateur sports organization and more.
Multimedia Music acquired the music publishing and music master rights for the entire film music library of STX Entertainment, which encompasses titles such as Bad Moms, The Gentlemen and Den of Thieves, and music from composers such as Hans Zimmer, Cliff Martinez and Nicholas Britell. The eight-figure deal does not include rights in any of STX’s current or future films.
Deezer struck a long-term partnership with Sonos to power Sonos Radio and the subscription service Sonos Radio HD. Starting in April, Deezer will provide Sonos with a catalog of 90 million tracks, metadata, licensing, reporting and royalty management, business intelligence and data and strategic collaboration for growth and monetization of the service. Deezer and Sonos will deliver services to 16 countries, including the United States, Canada, the United Kingdom, France and Germany.
Yusuf/Cat Stevens signed to Dark Horse Records, which will release the singer-songwriter’s forthcoming album as well as seven legacy albums from his catalog, which are owned by Stevens’ Cat-O-Log Records. Dark Horse’s merchandising arm, DH Merchandise, will operate the official Yusuf/Cat Stevens store.
ClicknClear, a music tech company that provides access to officially licensed music for performance sports and fitness, signed a multi year agreement with the National Federation of State High School Associations (NFHS), a leading sports organization in the United States. The NFHS promotes amateur sports participation throughout all 50 states and Washington, D.C., serving 19,500 high schools and an estimated 12 million young people across the country. It also administers high school athletics and activities, and establishes regulations for the sanctioning of events. Through the deal, ClicknClear will license the catalogs of its more than 800 label and publisher partners to NFHS’ performance sports participants, with the NFHS also using ClicknClear’s license verifications system to enforce that licensing. Performance sports include cheerleading, dance, gymnastics, figure skating, marching band and show choir. ClicknClear’s music catalog currently includes 5 million tracks and over 15 million publishing rights from Sony Music, Warner Music, Universal Music Publishing Group, BMG, Kobalt, Concord and Downtown, among many others.
Cutting Edge Media Music (CEMM) secured $100 million in new financing from a consortium of banks led by Pinnacle Financial Partners. CEMM — a financing and investment company with expertise in music for film, TV, video games and more — is supported by other businesses under its parent company, the Cutting Edge Group (CEG), including Cutting Edge Music Publishing, Lakeshore Records, Broadway Records, Music.Film and White Stork. “I look forward to our partnership with Pinnacle to help give the next wave of film and TV composers the opportunity to monetize their catalogues,” said CEG founder/CEO Philip Moross in a statement. CEG’s head of mergers and acquisitions, Tim Hegarty, represented Cutting Edge in the deal.
Triller acquired Julius, a software solution for influencer marketing. “We are delighted to integrate the industry-leading technology from Julius into Triller’s Creator Platform,” said Triller CEO Mahi de Silva in a statement, adding that with the acquisition, “Our unique AI-powered platform now delivers an end-to-end solution for the creator economy from brand storytelling to driving e-commerce.”
Music credits database Jaxsta executed a heads of agreement (aka letter of intent) to acquire Vampr, a music industry social networking platform. The acquisition increases Jaxsta’s footprint in the creator community by 1.3 million creators. According to a press release, Vampr’s freemium business model successfully converts 4% of the app’s weekly active users into paying subscribers — a number that’s expected to increase when Vampr Pro is bundled with the Jaxsta Creator subscription. Vampr founder/CEO Josh Simons will join Jaxsta as chief strategy officer.
GreenCity Partners and ASM Global struck a deal to develop and operate the proposed 17,000-seat GreenCity Arena in Henrico County, Va., which is part of a planned $2.3 billion mixed-use/net-zero energy GreenCity development. The agreement allows ASM Global to partner in other aspects of the development, including its main street retail and hospitality uses. Construction is slated to begin in early 2024, with completion expected in 2026.
In more ASM Global news, the company struck a long-term lease agreement and $40 million renovation plan with the City of Glendale, Ariz., for the Desert Diamond Arena as part of a strategy to increase the venue’s returns and prominence as a key component in the city’s growth as an entertainment hub. ASM Global has operated the city-owned venue for the past six-and-a-half years. The firm HOK has been selected to help with the venue’s renovation and design.
ASM Global also signed with the city of Fishers, Ind., to provide pre-opening services and professional management for the city’s new $170 million sports and entertainment center, which is set to open in December 2024. In addition to hosting concerts and other events, the forthcoming 7,500-seat venue will be home to the East Coast Hockey League’s Indy Fuel. Expected to break ground in March, the venue is part of the city’s $1.1 billion in economic and entertainment investments announced in September.
Los Angeles-based rock duo Loveless signed with BMG worldwide. The duo, which released its debut self-produced EP, End of an Era, last year, is slated to embark on a headline tour this spring in North America and Europe, in addition to festival dates.
Amazon Music is the new title sponsor of the Ivor Novello Awards, under a global deal that will see the company showcase the Ivors’ commitment to supporting songwriters via exclusive content offerings and live performances as well as an “immersive” red carpet and backstage interviews that will be livestreamed on the Amazon Music UK Twitch channel for the 2023 ceremony. Additionally, the company will integrate the Ivors’ 2023 Rising Star nominees into its global developing-artist program, Breakthrough.
Micro-licensing and music solutions company Lickd struck a deal with EMPIRE and Kobalt Music Group to license their music catalogs to Lickd’s Chorus music player for use in the metaverse world of Decentraland’s Vegas City.
SESAC Digital Licensing and Wise Music Australia partnered on an exclusive digital licensing deal for the Wise Music catalog in Asia (excluding Japan, South Korea and China) for rights including performance, mechanicals, grand rights, hire materials and synchronization. SESAC Digital will negotiate agreements with online service providers on behalf of Wise Music in Bangladesh, Bhutan, Brunei, Cambodia, Hong Kong, India, Indonesia, Laos, Macau, Malaysia, Mongolia, Myanmar, Nepal, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand, Timor-Leste and Vietnam. The partnership will be administered by Mint Digital Services, an alliance between SESAC-US and Swiss authors’ rights society SUISA.
Singer-songwriter Susan Tedeschi signed with Brian Greenbaum at CAA. The signing coincides with the 25th-anniversary reissue of Tedeschi’s 1998 album, Just Won’t Burn. Tedeschi and her husband, musician Derek Trucks, are with Full Stop Management for their solo work.
Memphis-based music credit and information services provider Sound Credit partnered with PPL for neighboring rights collections in North America. Via its sister brand Soundways, Sound Credit’s North American artist community will now be able to take advantage of PPL’s international collections service.
Live Nation will serve as the exclusive promoter for BECU Live and the Pepsi Outdoor Summer Concert series under a new deal with Northern Quest Resort & Casino and the Kalispel Tribe of Indians in Washington state.
Grammy-nominated songwriter and artist Delacey signed to Photo Finish Records, which released her new single, “Man on the Moon,” on Friday (Feb. 17).
Underoath signed to MNRK Heavy on a global basis. The label released the rock band’s latest single, “Let Go,” on Feb. 15.
Virgin Music UK reached a sales and distribution deal with Liverpool, England-based independent label Modern Sky UK (Jamie Webster, Leah Weller, Red Rum Club).
Pop duo Crash Adams signed to Warner Music Canada/Warner Records, which released its latest single, “California Girl.”
British DJ-producer Riton signed with Atlantic Records/Big Beat, which released his first-ever solo single, “Sugar,” on Friday (Feb. 17).
Sony Classical signed organist Anna Lapwood and will release a five-track EP of film transcriptions in April, with an album to come later in the year.
Tuned Global singed a deal with Lululemon Studio to provide their business-to-business white-label playlist app for Lululemon’s in-person and virtual workouts.
Chicago trio Lifeguard signed with Matador Records. New music from the band — which previously released an album and two EPs — is expected in the spring.