Global rights management company ole acquires Jingle Punks
Rights management company ole has acquired creative music agency Jingle Punks to create one of the world’s largest production music libraries.
Jared Gutstadt
The deal incorporates ole’s music library into Jingle Punks’. The transaction doubles Jingle Punks’ offering to clients, also giving agency clients access to ole’s global rights management platform.
Net publisher share by the end of year for the combined entity is projected to exceed $45m.
Says Robert Ott, CEO and chairman of ole, said: “ole looks forward to working with Jingle Punks towards a future that combines our respective strengths to great advantage and for the benefit of our clients. Jared and Dan are great entrepreneurial talents who have built the most exciting brand in production music history, and we look forward to increased profitability together.”
Dan Demole, COO and founder of Jingle Punks, said: “this is the kind of deal we’ve dreamt of since our founding in 2008: working with an independent and entrepreneurial company such as ole that, like Jingle Punks, has asserted itself as a leader in their space by aggressively breaking conventions.”
Jingle Punks will continue to operate in Los Angeles and New York under founders Jared Gutstadt and Dan Demole. The agency’s Nashville operation will be folded into ole’s branch there.
Ole has investments of more than $400m in music intellectual property. Its catalog includes more than 45,000 songs and 60,000 hours of TV and film music. Copyrights under its control include songs recorded by artists such as Beyoncé, Jay Z, and Madonna.
Jingle Punks is a full-service music company with creative studios in New York, Los Angeles, Nashville, London, and Toronto. Its client roster includes NBC’s “The Voice.”