ole Acquires 5 Alarm Music
TORONTO, ON (February 9, 2016) – ole, the world's fastest growing independent rights management company, has acquired 5 Alarm Music, an important independent production music library, adding to what is already one of the most comprehensive production music resources in the world. The move adds 130,000 controlled tracks to ole's existing production music library, which now totals over 750,000 controlled tracks.
5 Alarm Music, based in Pasadena, CA, will continue to operate independently, serving its existing client base and market. Cassie Lord will remain President of 5 Alarm Music. Under the deal, 5 Alarm will gain access to ole's significant infrastructure resources to fuel future growth and to ensure that all clients are provided with best-in-class service. In addition, the deal will open up new cross-marketing opportunities for 5 Alarm with ole's other production music library businesses, such as MusicBox, Nelvana Production Music, Auracle, Cue and others, which will be immediately added to 5 Alarm's repertoire offering.
"ole is happy to significantly expand our services and repertoire offering to clients in collaboration with 5 Alarm, a stand-out, independent in the space," said Robert Ott, Chairman and CEO of ole. "We're looking forward to working with Cassie and her staff."
"5 Alarm Music is committed to elevating production standards through quality music, and we're happy to team up with our kindred spirits at ole to amplify that message," said Lord. "The independent spirit has always been a crucial part of our company's identity, so ole's 'majorly indie' philosophy resonated strongly with us. We can't wait to see what we can accomplish together."
5 Alarm Music is one of the most significant independent production music libraries for film, television, radio, and commercials, offering access to more than 80 production-music libraries from around the world, as well as custom music based on customer specifications, music replacement for pre-existing broadcasts, music editing services, cutting edge music technology, 24/7 music directors to assist with searches, and more. The company also maintains its own independent record label, Rescue Records, which features easily licensable music from more than 280 indie artists. For more information, visit www.5alarmmusic.com.
ole is one of the world's foremost rights management companies with investments of over $500M in music intellectual property (IP). Founded in 2004, with operations in Toronto, Nashville, New York, Los Angeles and London, ole is engaged in IP acquisitions, creative development, and worldwide rights management. The ole catalog includes over 50,000 songs and 60,000 hours of TV and film music across all genres. Copyrights under ole's control include songs recorded by artists such as the Backstreet Boys, Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, Jay Z, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, One Direction, Rihanna, Rush, Taylor Swift, and Timbaland.
ole controls substantial A/V music and secondary rights including catalogs from Sony Pictures Entertainment, MGM, Miramax, Nelvana, and Nu Image/Millennium, as well as an extensive production music library of over 750,000 tracks including Jingle Punks, 5 Alarm Music, MusicBox, Nelvana Production Music, Auracle, and Cue.
ole is committed to the creative development of its 120+ staff songwriters, legacy writers, and composers and adding value to our catalogs and client catalogs. Current ole writers include Timbaland, Tyler Farr, Josh Dorr, Gord Bamford, Brett Jones, Jeremy Stover, Marty Dodson, Phil O'Donnell, Jordan Davis, and Ian Thornley. ole has ongoing ventures with Last Gang Publishing, Roots Three Music, Jackoby Publishing, and most recently, ole-Bluestone Publishing, ole's venture with global hitmaker Timbaland. ole's legacy catalogs and writers include Rush, Max Webster, Coney Hatch, and Ian Thomas.
ole also operates a robust label services arm under the umbrella of ole label services. The division includes Anthem Entertainment Group, the label home of Rush as well as Big Wreck, Ian Thornley, Steven Page, The Tea Party, Anthem Legacy; Max Webster, Ian Thomas, and artist development label red dot, which has developed and upstreamed artists including Charlie Worsham, Haley Reinhart, Josh Dorr, Sam Grow, and Jordan Davis.
ole Digital is a full YouTube MCN partner for all media with over 5B views across publishing, masters and A/V to date.
ole is proud to be associated with its bank partners SunTrust, JP Morgan, City National Bank, CIT Finance, Fifth Third Bank, and Avenue Bank.
For more information, visit www.majorlyindie.com.