Wednesday, July 08, 2015
NEW YORK, NY (July 8, 2015) – In the latest move in a series of rapid signings and acquisitions, Spirit Music Group has signed a North American distribution agreement with Caroline for both current and future master recordings owned by Spirit, as announced today by David Renzer, Chairman, Spirit Music Group. The deal positions Spirit to execute an aggressive master recording acquisition strategy by bolstering its infrastructure for distributing, marketing and promoting masters. The agreement will also help the company maximize revenue generated by its impressive existing catalog of master recordings, which includes legendary records by T. Rex.
“We always want to show both existing and potential clients that Spirit is the best place for artists and songwriters to bring their music, and the opportunity to expand our client service with a distribution deal like this helps us magnify that. Master recordings are an exciting and promising growth area for Spirit, and our deal with Caroline is a key step in helping us realize our potential in that space,” said David Renzer, Chairman, Spirit Music Group.
“Caroline is thrilled to enter a partnership with Spirit Music Group. We are looking forward to providing our suite of services to their portfolio to drive both exposure and revenue for years to come,” said Dominic Pandiscia, President, Caroline.
With years of experience and success in publishing as well as a suite of master recording-oriented services like marketing, promotion, branding, publicity and more, Spirit Music Group offers clients industry-leading support by bringing a full range of both label and publishing services under one roof. The company’s bold expansion plan, which led to the distribution agreement as well as considerable investment in other areas of its business, including country and Christian music, reflects its commitment to make Spirit Music Group the premier destination for music’s most talented artists and songwriters.
In addition to its deal with Caroline, Spirit’s recent deals include signing Jason Ingram, one of Christian music’s most accomplished songwriters, and the acquisition of the Nashville-based independent music publisher, production, and artist management company Cal IV Entertainment, which brought top country writers, artists, and staff into the fold along with 25 number one country copyrights and top ten singles. Spirit also recently acquired the StyleSonic catalog, bringing another four No. 1 country hits to its portfolio as well as over fifteen Top 20 country songs spanning the last decade. Aside from StyleSonic and Cal IV Entertainment, Spirit’s aggressive expansion plans also led to the recent acquisition of leading contemporary Christian catalog West Main Music.
ABOUT SPIRIT MUSIC:
Spirit Music Group, founded in 1995, is one of the world's leading independent music publishers, owning and/or managing more than 75,000 songs spanning seven decades and every musical genre. The company's repertoire reflects some of the most beloved songs and songwriters of all time, including hits by Frank Sinatra, Billie Holliday, Carl Perkins, Elvis Presley, Charles Mingus, Dion, Aretha Franklin, B.B. King, Santana, The Beach Boys, Barbra Streisand, Gladys Knight, Alice Cooper, Pure Prairie League, Chicago, Chaka Khan, Anita Baker, The Go-Go's, Madonna, Faith Hill, Tim McGraw, Mariah Carey, Jay-Z, Ricky Martin, Keith Urban, Usher, Dido, Jewel, Jason Aldean and Mary J. Blige; the complete catalogs of such iconic songwriters and writer/artists as Pete Townshend, Marc Bolan, Boz Scaggs, The Marshall Tucker Band, Toto, Billy Squier, Andrea Bocelli, Charles Mingus, Alan and Marilyn Bergman, Rick Nowels, C&C Music Factory; and the breakthrough work of such newer artists as Scissor Sisters, The Naked & Famous, Matt & Kim, San Cisco, Zooey Deschanel, Eric Paslay, and Big Data.
Spirit has earned a strong reputation as an aggressive royalty administrator and a peerless promoter of its songs into film, television and advertising productions as well as a wide range of new media. In recent years, Spirit has helped transform the publisher's role beyond royalty collection and song promotion to proactive career and legacy partnership by creating and executing marketing plans to revitalize its clients' songs and expand their brands.
Spirit Music Group is headquartered in New York with offices in London, Los Angeles, Nashville and the Netherlands. Spirit is a portfolio company of Pegasus Capital Advisors, the New York-based private equity fund manager that has been providing creative capital and strategic solutions to growth companies since 1996.
Caroline was re-born as a global business in February of 2013 evolving from the successful EMI Label Services division under EMI. With Dominic Pandiscia as President, 2013 and 2014 proved to be the biggest market-share years in the 31 year history of the company with 2015 shaping up to surpass this achievement including a #1 Overall debut for Alabama Shakes (the first #1 in the 15 year history of ATO Records) and #1 Top 200 Album debut for All Time Low (the first #1 in the 22 year history of Hopeless Records). These chart successes are complimented by numerous successes across the Caroline label-service platform including Top 20 singles at Alternative Radio for Glass Animals and The Kooks, #1 Active Rock singles for Slash and Alter Bridge, Top 20 AAA single for Chrissie Hynde and many other successes. Additionally, Caroline's Sync & Branding division has delivered high-profile song placement with partners such as Coors, Love & Hip Hop and more.
Spirit Music Group Media Contact:
Black Market Creative