MBW has previously noted that copyrights belonging to composers for film and TV are becoming big business.
Multimedia Music, an acquisitive company operating in the space, recently secured a fresh $100 million investment last month to buy film and TV music rights, growing its total funds raised from $100 million to $200 million.
Since launching just 15 months ago, Multimedia Music, which is led by industry veterans Phil Hope and James Gibb, says it has already deployed over $120 million on acquisitions.
On Tuesday (April 11), MMM revealed its latest acquisition: An eight-figure deal to acquire the catalog and income streams of multiple Emmy-winning composer Trevor Morris.
The Morris catalog deal follows what MMM calls an “intensive round of acquisition activity” at the company.
Amongst MMM’s recent purchases are STX Entertainment’s music library, the Atlantic Screen Music library and the catalogs of music income and copyrights from numerous composers including James Newton Howard, Tyler Bates, David Buckley, Michael Corcoran and Sean Callery.
With 15 solo feature film credits, 25 prime-time television series and five interactive titles, two-time Emmy Award-winning composer Trevor Morris is described by Multimedia Music as “one of the most prolific and versatile composers in Hollywood”.
His music can be heard on The Tudors, The Borgias, Vikings, Vikings: Valhalla, Big Sky and the hit television series Taken.
Morris’ feature film works include London Has Fallen, Olympus Has Fallen, Brick Mansions and Immortals.
He also recently completed the third installment of Dragon Age for Electronic Arts.
Morris has also entered the world live performance, conducting his music adapted for live performance.
“We are thrilled to have added Trevor’s tremendous body of work to the growing catalogue of wonderful film scores we’ve acquired at Multimedia Music.”
James Gibb
Multimedia Music’s James Gibb, who is a partner in the company with Phil Hope said: “We are thrilled to have added Trevor’s tremendous body of work to the growing catalogue of wonderful film scores we’ve acquired at Multimedia Music.”
Multimedia Music was represented in the transactions by Selverne Kelley Bradford, Trevor Morris was represented by Mark Media Law.
Elsewhere in the film and TV music rights space, last month, UK-born Cutting Edge Media Music (CEMM) secured $100 million in financing from a group of banks led by Pinnacle Financial Partners to boost its cash reserves to invest in music for film, television, video games and more.
That new $100 million raise came after a year during which the company invested $125 million, raised in an initial round, to acquire film and TV music rights.
Music Business Worldwide
