STX Entertainment has signed an exclusive agreement with Universal Music Publishing Group (UMPG) to globally administer both STXtv and the recently acquired Lalela Production Music libraries.
The agreement expands the relationship between the companies, with UMPG currently administering music from STX’s existing and upcoming theatrical film productions.
Under the new agreement, UMPG will also administer music for STXtv’s television properties, as well as the Lalela Music catalog, which can be heard in programs including American Idol, So You Think You Can Dance and The Real Housewives franchise (RHO Atlanta, pictured), among others.
Jason Markey, EVP, Head of Music STXfilms, said, “STX is committed to exploiting the highest quality music in all of our television, short form, digital and virtual reality programming. By joining forces with Jody and the UMPG team, we’re able to amplify our assets and achieve previously untapped revenue streams and marketing opportunities worldwide.
“Jody is an industry titan in the publishing ecosphere, and I am thrilled to expand our association with her and UMPG.”
“Jody is an industry titan in the publishing ecosphere, and I am thrilled to expand our association with her and UMPG.”
Jason Markey, STX
Added Tom McGrath, Chief Operating Officer of STX Entertainment, “Music remains an incredibly important aspect of our business, and this new strategic partnership with UMPG represents a significant step in strengthening STX Entertainment’s distribution and marketing capabilities across platforms.”
Evan Lamberg, UMPG President, North America, said: “STX Entertainment has, in a very short time, become a positive and successful force in the film and entertainment industry. Universal Music Publishing Group has been in business with them from very early days and we are more than thrilled to continue and expand our global music reach with them.”
“Tom McGrath, Jason Markey and the entire STX team are great partners and we are looking forward to continued success together.”
STXtv, a division of STX Entertainment, currently produces The Platinum Life on E! and has multiple scripted, non-scripted and VR projects in development.
Founded in 2009, Lalela Music is a production music library featuring top global composing talent. Its 28,000 cues have been used on major networks (CBS, NBC, ABC and BBC), top shows (American Idol, Real Housewives of Beverly Hills and Catfish, among others), as well as premium cable networks HBO, Bravo, E!, MTV and Discovery, and in PlayStation 3 games.
STX Entertainment is led by Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG.
Its other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia’s largest Internet and cable services provider; Tencent Holdings, China’s leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others.Music Business Worldwide
