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Business News Deals Labels & Publishers
Peermusic expands partnership with David Foster
By CMU Editorial | Published on Monday 10 January 2011
Canadian songwriter and producer David Foster, who has worked with a stack of a-list music talent over the years, mainly in North America, including Earth Wind & Fire, Cher, Bryan Adams, Celine Dion, Madonna, Josh Groban, Michael Jackson and Prince, not to mention scoring eighties movies like ‘St Elmo’s Fire’ and ‘The Secret Of My Success’, has entered into a business deal with US-based independent music publisher Peermusic.
As part of the deal, Peermusic will take a majority stake in Foster’s catalogue of over 500 songs, and in his various businesses, including Foster Frees Music, Air Bear Music and One Four Three Music. It will also exclusively represent Foster’s future work in the publishing domain. The new deal, the terms of which have not been disclosed, expand on an existing fifteen year relationship between the producer and publishing firm.