Multimedia Music, a firm that acquires and manages copyright and income streams from music featured in film and television, has announced that is has closed three eight-figure deals to acquire select catalogues of music rights and income streams from three of the industry’s top composers: Tyler Bates, David Buckley, and Michael Corcoran. This announcement follows the close of an initial round of fundraising that eclipsed $100 million for film and TV music rights.
The company launched earlier this year with $100 million in funding from Metropolitan Partners Group and Pinnacle Bank.
Of Tyler Bates catalogue: music from “Guardians of the Galaxy” and “John Wick” franchises, “Deadpool 2,” “The Spy Who Dumped Me,”, “Fast & Furious Presents: Hobbs & Shaw,” and TV shows including “Californication” and “The Punisher” were part of the deal.
David Buckley’s catalogue includes all his past work including “The Nice Guys,” “Jason Bourne,” “The Town,” “Nobody,” “Greenland,” “Papillon,” “Parker”, “The Forbidden Kingdom” and TV hits “The Good Wife” and “The Lincoln Lawyer.”
Michael Corcoran is a leading composer in children and teen’s television programming. His work includes “iCarly,” “Liv and Maddie,” “Henry Danger,” and “Victorious.”
Said founder and CEO of Multimedia Music Phil Hope: “We are huge fans of Tyler, David and Michael’s work. They are amongst the most active composers in the business today and to acquire such amazing content from their catalogues is an honour for Multimedia Music.”
David Buckley’s agent, Rich Jacobellis of the Fortress Talent Management, added, “I am thrilled with the professionalism of Multimedia Music and how they handled David’s work. The way the deal was negotiated and quickly closed speaks volumes for how James and Phil operate. Their knowledge of this space is second to none.”
Said Multimedia Music executive James Gibb: “Our aim is to build a company with the best independent library of film music rights in the world and the addition of works from these iconic composers gets us closer to that goal.”
The deals follow a recent spree of purchases from the iconic film composer James Newton Howard (“Hunger Games,” “The Dark Knight”) and a separate deal purchasing the publishing rights to a 48-title film score catalogue from Atlantic Screen Music, all from films that have grossed hundreds of millions of dollars at the box office.