UK-headquartered Multimedia Music simply introduced its newest acquisition within the movie and TV music rights house.
The corporate has closed what it says is a “mid to excessive’ seven-figure deal to amass the movie music catalog of veteran film and TV composer J. Peter Robinson.
Robinson’s physique of labor consists of movies Wayne’s World, Cocktail, Encino Man and hit TV sequence Charmed, amongst quite a few others.
Multimedia Music says it has deployed over $130 million on acquisitions since launching in late 2021.
The corporate, based by trade veterans Phil Hope and James Gibb, has raised $200 million in two funding rounds, from Metropolitan Companions Group, Bardin Hill, Pinnacle Financial institution and Areas Financial institution.
Classically skilled on the Royal Academy of Music in London, J Peter Robinson started his recording profession in London because the pianist for Andrew Lloyd Webber and Tim Rice on the unique album recording of Jesus Christ Famous person.
He achieved his first main break in movie composition when the late John Schlesinger known as on him to create the rating to The Believers.
He then composed the rating to Philip Noyce’s action-thriller Blind Fury, which in flip led to Cocktail, his first mission with New Zealand director Roger Donaldson. These movies have been adopted by the profitable comedies Wayne’s World and Encino Man.
Robinson additionally toured as a rock and roll musician, in a profession that spanned greater than 20 years and included an eight-year stint as Phil Collins’ keyboard participant.
He beforehand collaborated as a author, arranger, and/or co-producer or co-songwriter with Collins, in addition to Eric Clapton, Al Stewart, Quatermass, Stanley Clarke, Berlin, and Shawn Phillips.
MMM’s acquisition of Robinson’s catalog follows the corporate’s acquisition in June of a stake in Steven Spielberg’s Amblin Partners.
In February of this yr, Multimedia closed an eight-figure deal for the music grasp and publishing rights of your complete catalog of STX Leisure.
The corporate’s different offers embrace the Atlantic Screen Music catalog and catalogs from composers together with James Newton Howard, Tyler Bates, David Buckley, Trevor Morris, Michael Corcoran and Sean Callery.
“We’re delighted to have secured this deal to amass the revenue streams from a set of top of the range movie and TV titles from J Peter Robinson so as to add to our ever rising and various catalog.”
Phil Hope, MMM
“We’re delighted to have secured this deal to amass the revenue streams from a set of high-quality movie and TV titles from J Peter Robinson so as to add to our ever rising and various catalog,” mentioned MMM CEO Phil Hope.
MBW has beforehand famous that copyrights belonging to composers for movie and TV have gotten big business.
Different firms working within the house embrace Slicing Edge Media Music, which recently acquired a majority curiosity in White Stork, the publishing firm of UK composer Tom Howe.
CEMM secured $125 million for music publishing rights acquisitions in collaboration with associates of Blantyre Capital in 2022 and obtained an extra $100 million from banks led by Pinnacle Monetary Companions in February 2023.Music Enterprise Worldwide