DETROIT, Nov. 16 /PRNewswire/ -- Signaling a strategic move towards
global consolidation of assets and transparent online copyright
administration, Detroit-based Eight Mile Style Music, which together with
Martin Affiliated LLC owns and controls 225 compositions on multi-million
selling albums, including all of rap artist Eminem's first four solo
albums, has orchestrated a groundbreaking administration, technology and
marketing pact between Eight Mile Style, global independent online
music-publisher Kobalt Music Group and Los Angeles-based licensing and
administration company Music Resources. The announcement was made today by
Joel Martin, principal of Eight Mile Style Music and Willard Ahdritz, CEO
and Founder of Kobalt Music Group.
Through the unique publishing and marketing deal, Kobalt will become
Eight Mile Style's publishing administrator for all worldwide territories
outside of the U.S and Canada, and will collect, process and track
royalties for the catalog on a worldwide basis. Music Resources will
administer the Eight Mile Style catalog for the US and Canada, and will
collaborate with Kobalt on synchronization and creative/A&R services. Music
Resources will utilize Kobalt's transparent, online music publishing
administration technology and will exclusively debut the new "Powered By
Kobalt" services brand.
Upon making the announcement, Martin said: "The music industry is
changing fast, and like the trend with established major artists, copyright
holders of major catalogs need to take control of their own destiny.
Kobalt's transparent system has re-engineered the publishing industry, and
we're confident we have crafted a unique relationship with Kobalt globally,
and both Kobalt and Music Resources in the U.S., that will provide
tremendous financial and creative advantages and will ensure we are
completely involved in the management of our business with money not being
wasted on unnecessary expenses."
According to Martin, the business decision to utilize Kobalt and Music
Resources and combine the expertise between the companies was prompted in
part by the results of years of market testing and comparison of
collections and reporting among several major publishers that have been
handling the Eight Mile Style catalog under separate agreements. "Due to
the fact that Eight Mile Style co-publishes multiple writers for the same
songs that were administered by different companies in the same
territories, it has enabled us to accurately compare 'apples to apples.' We
found compelling advantages in Kobalt's level of accuracy, royalty tracking
and transparency, especially as it relates to their unique portal and the
proprietary technology they have developed," said Martin.
Commented Ahdritz: "We are very excited to expand our already
successful sub-publishing relationship with Eight Mile Style, taking it to
a new global level, including the United States. This unique, new
relationship with Eight Mile Style and Music Resources is another example
of how Kobalt can offer customized solutions for clients and continue
delivering the structures and solutions that we need for those exciting
changes to the industry."
The Eight Mile Style catalog contains hit songs performed by Eminem
including the Oscar-winning song "Lose Yourself," and "Guilty Conscience,"
"97' Bonnie & Clyde," Just Lose It," "My Name Is," "Shake That," "Without
Me," "The Real Slim Shady," and "Cleanin' Out My Closet" among other works
written by Marshall Mathers III (a.k.a Eminem) and his legendary
songwriter/producer team Jeffrey Bass and Mark Bass (a.k.a. The Bass
Brothers), as well as frequent collaborators, Luis Resto and Steven King.
The catalog also contains numerous songs recorded by multi-platinum
artists, including 50 Cent, Tupac, Dr. Dre, Jay-Z, Nas and others. In
addition to the available back catalog, Eight Mile Style and Martin
Affiliated will, together with Music Resources and Kobalt, administer the
future works of Resto, King and The Bass Brothers, including new songs
slated for Eminem's next CD release. With career sales estimated in excess
of 70 million albums worldwide, Eminem is one of the best selling music
artists of the decade.
Music Resources is owned by Nancie Stern, who has 25 years of music
publishing, clearance and licensing expertise. For over 15 years Music
Resources has specialized in the complex area of sample clearance and has
worked with every major label and multi-platinum artists such as 50 Cent,
Destiny's Child and the Black Eyed Peas. Music Resources is currently
recognized as one of the leading clearance companies in the area of
emerging technologies, including digital ringtones and streamed media, and
represents the publishing catalog of academy award winning group, Three Six
Mafia. Stern will continue working for music icon Quincy Jones in her
position as Vice President of Quincy Jones Music Publishing.
"I'm tremendously excited and fortunate to not only have the
opportunity to work with the incredible Eight Mile Style catalog and
Kobalt, but also with Joel Martin who I deeply respect as a business mentor
and person. Combining our knowledge, relationships and expertise, Music
Resources Powered by Kobalt will offer a broader copyright administration
platform to our clients. We are all united together in our goals toward the
future of the music industry," said Stern.
Having recently debuted at No. 6 on Billboard's Second-quarter Top 10
Publisher Airplay chart and ranking No. 1 U.K. independent publisher for
the second quarter results of 2007 (Music Week 18.08.07), Kobalt, now in
its 7th year of operation, has more than 600 clients worldwide, processes
1.5 million copyright registrations, and employs a staff of 45 people in 6
offices. The company has experienced an average of 200% growth per year in
global gross collections and synchronization revenue.
In the last year, Kobalt has renewed its ex-North America deal with pop
icon Gwen Stefani, as well as signed deals with Barry Manilow, Dr. Luke
(producer of Avril Lavigne's global chart-topping singles and CD), German
pop superstar Herbert Groenemeyer, classic R&B writing team Full Force and
up and coming UK artist Gary Go. Other clients include Max Martin, The
Hives, Editors, Evergreen and Richard Ashcroft among many others. The deals
were put together by Ahdritz and Martin, and Eight Mile Style was
represented by New York attorney, Mark Levinsohn. Kobalt's business affairs
team included Michael Petersen, Executive VP/General Counsel and General
Manager U.S., and Christiaan Winchester, General Counsel/Director of
Business Affairs in Kobalt's London office.
SOURCE Kobalt Music Group