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TORONTO, ONTARIO–(Marketwire – Oct. 26, 2010) – During this time, the full service music publisher, based in Toronto with offices in Los Angeles and Nashville, has grown into one of the world’s largest independents. With a catalog of over 40,000 songs and a similar number of hours of TV music, the company that calls itself “majorly indie” […]
TORONTO, ONTARIO--(Marketwire - Oct. 26, 2010) - During this time, the full service music publisher, based in Toronto with offices in Los Angeles and Nashville, has grown into one of the world's largest independents. With a catalog of over 40,000 songs and a similar number of hours of TV music, the company that calls itself "majorly indie" has found success by building the infrastructure of a large company while preserving the adaptability, speed and personal touch of an indie.
Solidly profitable, and with over $100MM USD in acquisitions under its belt, ole continues on an aggressive acquisitions path in 2010/11 with a substantial war chest to draw upon. Says CEO Robert Ott: "Acquisitions has always been a core activity at ole and this orientation will continue for 2011. We're extremely well-capitalized and intent on completing mid-eight figures in deals by the end of 2010, out of the 40-50 opportunities we are looking at right now." He goes on to relate that the company has not employed leverage to date in any of its deals and prides itself on a fast process for vendors while proceeding with strong governance. Over its short history, ole has completed 20-30 deals a year on average.
Some recent deals of note have been the acquisition of the 3,400-song, Nashville-based Blacktop catalog, Monty Powell catalog and a deal with songwriter and ex-Glass Tiger frontman, Alan Frew, that brought ole the Olympic theme song, "I Believe."
As a music company, ole has built its success on deep core values that include a dedication to great songs, adding value to its catalog and current songwriters and by building community. Collaboration and partnership with other businesses, songwriters and artists, has been a cornerstone of this effort. By example, the ole pop+urban songcamp and "hitsource" events, held in the U.S., the U.K. and Europe, have been successful in generating hundreds of songs, broadening the ole songwriter opportunity sets and spawning a number of successful songs and placements.
Says Ott: "It's not enough to acquire things well; you also have to be able to foster the creation of great songs, successfully promote and place your songwriters' work, collect globally and run a profitable business. To that end, we've set with a client service orientation in all these areas - we have to get our songwriters and songs work every day and provide a world-class collection service for our clients. This is a real music company, not a buy-and-flip operation - we're in it for the long term."
The company has experienced exponential Creative success this year with more cuts, syncs and awards than in any prior year: successes like Pop Hit Here; music from the new hit TV show, Cat In the Hat Knows A Lot About That and strong Country success with five current singles in the top 55 of the Billboard Hot Country chart. ole earned numerous honors in 2010 including the company's first Grammy for Taylor Swift's "White Horse" (Country Song of the Year) and a 4th consecutive CCMA Music Publisher of the Year award. ole continues to support 25 signed writers and 3 successful Co-Ventures as the company remains committed to great Creative. As Ott says: "It starts with a great song; always has and always will..."
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