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Business News Deals Labels & Publishers
Warner buy two production music catalogues
By CMU Editorial | Published on Monday 29 March 2010
Warner Music’s publishing company made two acquisitions in the production music domain last week, the LA-based Groove Addicts Production Music Library and the London-based Carlin Recorded Music Library. The two catalogues will now be administered by Non-Stop Music, the production music firm wholly owned by Warner/Chappell since 2007.
Warner/Chappell CEO Dave Johnson told reporters: “The acquisitions of Groove Addicts and CRML further expand our global presence in a fast-growing, high-margin segment of the music publishing business and provide many more opportunities to showcase the songs in the Warner/Chappell catalogue on a wide array of music platforms and services. Together with Non-Stop Music, these valuable libraries will strengthen our standing in the production music business and allow us to offer the music licensing community an even broader and deeper range of music from our catalogue”.
