ole Sets ‘Aggressive Acquisition Path’

LOS ANGELES: Already one of the world’s largest independent music publishers, ole is looking to ramp up its library of music from television shows, adding to its portfolio of partnerships with 40-plus production companies.

“ole has music publishing co-ownership or administration relationships and creative relationships with over 40 TV production companies, including DHX Media, Cineflix, Nelvana, Cookie Jar, Scholastic, WGBH, Discovery Communications and many more,” says David Weitzman, the company’s Los Angeles-based director of business development. “We also recently started a production library division, clear, and added this to our service offering to our producer clients. ole recently purchased a large U.S. independent production music library called Music Box that extends our reach into the U.S. and global markets. We augment all of this with access to a 40,000-song catalogue of mainstream hits.”

Weitzman says that ole allows producers to maximize their “non-core music publishing assets” by providing administrative and management services. “We add value to the IP through these services,” he notes. “We are also able to monetize the music publishing assets so production companies can invest in their core activity—making great television.”

He continues, “I can’t stress enough how ole is able to maximize value from TV production companies’ music publishing assets. I have signed several deals at ole, and without exception, the collections have increased dramatically in every case. It gives me tremendous satisfaction to sell companies on a service that really delivers.”

Discussing ole’s growth plans, Weitzman notes that the company has “been on an aggressive acquisitions path and we will continue to do so through the rest of the year and the foreseeable future. ole’s reach is global and we are committed to finding the most talented and successful production companies globally.”