Steven Spielberg’s Amblin Partners sells 50% stake in music library to $200m-backed Multimedia Music

There’s a lot of buzz surrounding the classic movie score right now – when it’s rumored that Warner Bros. Discovery is about to agree a $500 million deal to sell about 50% of its treasured music portfolio. sony To be report Be a leader in purchasing.

But that’s not the only big music deal made in Tinseltown.

Multimedia Music, the UK-based company founded by industry veterans Phil Hope and James Gibb has just announced its latest major acquisition.

The company has agreed to an agreement for a 50% shares in the music masters portfolio and publishing rights from Amblin Partners, a company founded by Steven Spielberg and known for its film and television producers, Amblin Entertainment and Amblin Television.

The transaction, for an undisclosed amount, included music rights from many movies, including 1917, BFG, spy bridge, Thank you for your service And The Girl On The Trainamong many others.

The catalog includes works by some of the most prominent film and television composers of recent decades, including John Williams, Thomas Newman, Danny Elfman, Alexandre Desplat, Mark Isha and Rob Simonsen.

The partnership between Amblin and Multimedia will also see the two companies working together on new initiatives to maximize revenue from the catalog and find new uses for music in broadcasts. pictures, advertisements and trailers.

“By combining Amblin’s unparalleled creative content with the ability to maximize earnings from media music, we are confident that together we will create significant additional value for both relationships. our partners and to the composers whose great work makes up the catalog,” Hope and Gibb said in a joint statement.

Amblin Partners was founded in 2015 as the successor to the live-action division of Dreamworks SKG, originally founded by Spielberg, Jeffrey Katzenberg and David Geffen. Led by Spielberg, the company produces films under the Amblin Entertainment and Dreamworks brands, and television programs under the Amblin Television brands.

Its investment partners include Reliance Group’s Reliance Entertainment, Hasbro’s Entertainment one (eOne), alibaba Pictures and Universal Pictures.

Since its founding in late 2021, Multimedia Music has lift up 200 million USD in two funding round from Metropolitan Partners Group, Bardin Hill, Pinnacle Bank and Regions Bank.

Its first buy back is a directory of all music earnings and copyrights held by film composer James Newton Howard, whose work includes music for mystical creature movies, the Hunger game trilogy, dark Knight, Raya and the last dragon, runaway bride, Emily in Paris And Beautiful Woman. Movies in that category have grossed more than 15 billion USD at the box office.

Multimedia music continues to complete “seven-figure average deals” for the category Atlantic Screen Music, which includes tracks from movies such as Lone Survivor, The Host, Dredd, Escape Plan and Broken City.

In February this year, Multimedia closed an eight-figure deal to the owner of the music and publishing rights to the entire catalog of STX Entertainment. That gave Multimedia the rights to music from titles like Bad mothers, Gentleman And thief’s caveamong others, and includes work by composers such as Hans Zimmer, Cliff Martinez, Chris Lennertz and Clinton Shorter.

At the time, Multimedia Music said they had implemented some 120 million USD about repurchase.

“By combining Amblin’s unparalleled creative content with the ability to maximize earnings from media music, we are confident that together we will be able to create significant additional value for both relationships. our partnership and to the composers whose great work makes up the catalog.”

Phil Hope and James Gibb, Multimedia Music

In April, the company struck another eight-figure deal, this time for the portfolio and income stream of composer Trevor Morris, best known for his work on music. House of Tudor, The Borgias, Vikings, Big sky and hit TV show Take.

In addition, Music Multimedia has also purchased the music rights of composers such as Tyler Bates (the John Wick series, atomic blonde), David Buckley (Jason Bourne, Papillon, Sand sellers), Michael Corcoran (iCarly, win), and Sean Callery (Star Trek: Generations, 24, bone).

Today, Multimedia Music isn’t the only company making major TV music and movie rights acquisitions.

So far, this year has seen Cutting Edge Media Music (CEMM) establish a strategic joint venture with Village Roadshow Entertainment Group (VREG), in an agreement that covers all of VREG’s past and future music publishing, soundtrack album, and music monitoring services.

CEMM also purchased a “massive soundtrack catalog” from First Score Music Ltd. based in the United Kingdom, including full publishing and mastery rights to more than 75 movie “premium”, in what source told MBW is a high seven figure deal.Global Music Business