TORONTO, ONTARIO--(Marketwired - Mar 23, 2015) -
Editors Note: There are two photos associated with this press release.
ole has acquired Jingle Punks in a transaction that creates one of the world's largest production music libraries and that underpins Jingle Punks' juggernaut brand with global reach via ole's distribution network and world-class infrastructure. The deal folds ole's PML repertoire into Jingle Punks and doubles Jingle Punks' repertoire offering for clients. Jingle Punks' deep, customer relationship and end-to-end Creative service capability is now augmented by a serious acquisitions war chest. Jingle Punks also gains the ability to offer client's access to ole's advanced proprietary, global Rights Management platform while Jingle Punks achieves economies of scale. The combination opens cross-platform business development and services opportunities for both companies. Projected NPS by the end of 2015 for the combined entity exceeds 45M.
Jingle Punks will continue to operate as usual in Los Angeles and New York under the respective direction of Jared Gutstadt and Dan Demole, who founded Jingle Punks. The Jingle Punks operation in Nashville will be folded into ole's Nashville operation.
Says Robert Ott, CEO & Chairman of ole, "ole looks forward to working with Jingle Punks towards a future that combines our respective strengths to great advantage and for the benefit of our clients. Jared and Dan are great entrepreneurial talents who have built the most exciting brand in production music history, and we look forward to increased profitability together."
Dan Demole, COO & Founder of Jingle Punks, says, "this is the kind of deal we've dreamt of since our founding in 2008: working with an independent and entrepreneurial company such as ole that, like Jingle Punks, has asserted itself as a leader in their space by aggressively breaking conventions."
"ole's sensibilities are keenly matched with ours. We continue to focus on the core assets and core capabilities of our business and grow, grow, grow. This is a new day for Jingle Punks and is going to not only benefit our staff and network of artists, but the wonderful clients we have been servicing for the past 7 years," says Jingle Punks CEO & Founder, Jared Gutstadt.
ole is one of the world's foremost rights management companies with investments of over $400M+ in music intellectual property (IP). Founded in 2004, with operations in Toronto, Nashville, New York, and Los Angeles, ole is engaged in IP acquisitions, creative development, and worldwide rights management. The ole catalog includes over 45,000 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, DHX, MGM, Miramax, Nelvana, and Nu Image/Millennium. MusicBox, the Production Music division of ole, provides quality content and service to creators in all media with over 150,000 tracks in its library.
ole is committed to the creative development of its 100+ staff songwriters, legacy writers, and composers and adding value to our catalogs and client catalogs. Current ole writers include Rush, Timbaland, Tyler Farr, Josh Dorr, Gord Bamford, Brett Jones, Dave Turnbull, Jeremy Stover, and Marty Dodson. 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 is proud to be associated with its bank partners SunTrust, JP Morgan, CIT Finance, Fifth Third Bank, Avenue Bank, City National Bank, and OneWest Bank.
ole is committed to being the world's best and most innovative Rights Management Company and the preferred destination for IP Investors and Creators in all Media.
For more information, visit www.majorlyindie.com.
About Jingle Punks
To the team at Jingle Punks, music IS marketing. The leading, full-service music company has creative studios in New York, Los Angeles, Nashville, London, and Toronto, and a client roster of over 1,000 television shows including NBC's "The Voice," and the worldwide smash "Pawn Stars." The company's capabilities span technology platforms that simplify music licensing, and clever and unique sound solutions from the creation of original music to experiential executions. Recent integrations include the Jingle Punks Hipster Orchestra's formatting of the 20th anniversary of the album "Illmatic" for American rapper and songwriter, Nas, and creation of country superstar Dierks Bentley's song for The History Channel show, "Biker Battleground Phoenix."
To view the first photo associated with this press release (Dan Demole, COO and Founder of Jingle Punks), please visit the following link: http://www.marketwire.com/library/20150323-Jingle_Punks_Dan_Demole_mar23_pic01.jpg
To view the second photo associated with this press release (Jared Gutstadt, CEO and Founder of Jingle Punks), please visit the following link: http://www.marketwire.com/library/20150323-Jingle_Punks_Jared_Gutstadt_mar23_pic01.jpg