Entertainment Big Machine Taps Peermusic to Sub-Publish Song Catalog Outside U.S.
WMG Names Karen Schoenrock CFO of Global Catalog, Recorded Music
Warner Music Group (WMG) has upped Karen Schoenrock to CFO of global catalog, recorded music and Rhino Entertainment, the company’s catalog division. Schoenrock enters her new role after nearly 20 years with WMG, 13 of which she served at Warner Records, where she was most recently vice president of finance. Based in Los Angeles, she will report to WMG president of global catalog, recorded music Kevin Gore.“I’ve had the pleasure of partnering with Karen over the last few years during her time at Warner Records, and I’ve always appreciated her insight, dedication, leadership, and positive outlook,” Gore said.
Nashville-based Big Machine Music (BMM) has linked with fellow independent publisher peermusic on a long-term sub-publishing agreement, under which peermusic will represent BMM’s catalog of more than 12,000 songs in all worldwide territories excluding the U.S.
BMM, owned by Big Machine Label Group, will continue to administer itself within the U.S. under the deal, which was announced yesterday (March 1) by peermusic U.K. president, Europe and managing director Nigel Elderton and BMM general manager Mike Molinar.
“We see in peermusic a reflection of our own independent spirit and dedication to delivering personalized service to our songwriters,” Molinar said. “The international team under the guidance of Nigel shares our business and creative values and we look forward to working with their team.”
Giant Pictures Inks Theatrical And Streaming Deal With Drafthouse Films
EXCLUSIVE: Giant Pictures has entered a multi-year deal with Drafthouse Films to co-release upcoming theatrical and streaming titles. Giant will also handle sales and distribution for the acclaimed Drafthouse Films catalog. Curated by the genre-driven Alamo Drafthouse, the Drafthouse Films catalog includes more than 40 titles that will be available to stream on multiple platforms in the US and Canada. All of the titles under the deal will also be available on the Alamo on Demand streaming platform.More from DeadlineAbramorama Launches Digital Distribution Arm, Pacts With Giant Pictures & Makes 'Herb Alpert Is...
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Peermusic’s 38 offices in 31 countries have already lured publishing companies like Anthem, Concord, Beggars, BMG, Big Deal, Disney, Kobalt and Sugar to sign their own sub-publishing deals with peermusic.
“Mike, [BMM vice president, publishing] Alex Heddle, and the Big Machine Music team put their service to their clients first and foremost — we share that ethos,” Elderton added. “What the Big Machine Music team have built in the past eight years is phenomenal. They are exceptional music publishers that have developed a rich catalog, overflowing with hits. We are thrilled to partner with them for global sub-publishing.”
The BMM catalog includes such hits as “Better Together,” co-written and recorded by, as well as work from songwriters like Laura Veltz (“The Bones,” recorded by ) and Jessie Jo Dillon (“10,000 Hours,” recorded by and ). BMM’s current roster also includes , , , and .
Beatsource to Offer Fully-Licensed DJ Edits in New Deal With Empire, Create Music
Beatsource has signed deals with indie distributors Empire and Create Music Group to create fully licensed DJ edits of popular tracks from their catalogs.Under the agreements, Empire and Create Music have assembled extended edits of hits by artists including Fat Joe, Rich The Kid, Busta Rhymes, Anderson .Paak, Robin Thicke, DJ Chose, Funkmaster Flex, Tory Lanez and the Insomniac Records catalog, with more to follow.
BMM’s catalog does not include songs by, who protested when the wider Big Machine Label Group — which owned the master recordings for Swift’s first six albums — was by founder Scott Borchetta to Scooter Braun’s Ithaca Holdings for an estimated $300 million in 2019. Swift’s songs were not published by Big Machine, and the label group no longer has stake in her music at all, having her master recordings to private equity firm Shamrock Holdings in November 2020.
Billboard Pro Spotlight Live Virtual Event: Music and Money .
On March 25, Billboard’s Music & Money event returns as the next installment of the Billboard Pro Spotlight series. Over the past year, music rights values have skyrocketed, as low interest rates, optimism about the future of streaming, and the promise of reliable cashflow have drawn institutional investors into the business.