Global digital collection society AMRA has inked its first major third party deal, with Toronto-based ole.
Canadian-born independent rights company ole is one of the fastest-growing companies in music, having spent $520m on acquisitions up to 2016 – when it raised another acquisition fund of $500m.
AMRA, which is owned by Kobalt Music Group but operates independently from the company’s music rights operations, has won the contract to license the performing and mechanical rights in certain ole catalogs to digital music services on a multi-territorial basis outside North America and other specific countries.
AMRA claims that it will bring ole’s business improved matching and increased claims, in addition to faster reporting and payment.
AMRA CEO Tomas Ericsson said “We are thrilled to have ole partnering with AMRA. ole is one of the most innovative music companies out there with a very strong client roster that will now be able to benefit from AMRA’s new centralized collections model.
“ole is a technology-driven company that matches our values on transparency, accuracy and speed of accounting and we look forward to working with Robert and his team in the coming years.”
Tomas Ericsson, AMRA
“ole is a technology-driven company that matches our values on transparency, accuracy and speed of accounting and we look forward to working with Robert and his team in the coming years.”
“ole is pleased to be working with AMRA’s strong platform for the benefit of our clients in the international digital space,” said Chris Giansante, Senior Vice President, Finance & Administration of ole.
“Working alongside Tomas and his team, we’re confident that ole’s global collections will increase, benefitting our stakeholders in 2017 and beyond.”
AMRA digital licensing, collection and administration functions are all driven by Kobalt’s rights management platform, KORE.
Founded in 2004, with operations in Toronto, Nashville, New York, Los Angeles and London, ole controls copyrights to 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.Music Business Worldwide
