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TORONTO, ON – On December 8, ole, the world’s fastest-growing independent music publishing and rights management company, celebrated its 13th year of consecutive fiscal growth during an exclusive star-studded event at its Toronto headquarters. In 2017, ole, experienced a well-rounded effort from acquisitions, creative and other value add areas of the company which contributed to revenues on […]
TORONTO, ON - On December 8, ole, the world's fastest-growing independent music publishing and rights management company, celebrated its 13th year of consecutive fiscal growth during an exclusive star-studded event at its Toronto headquarters.
In 2017, ole, experienced a well-rounded effort from acquisitions, creative and other value add areas of the company which contributed to revenues on target for 20% year-over-year growth. The company's EBITDA was up 15% year-over-year at a 60% margin.
"I'm very proud of the comprehensive, team effort that ole mounted this year. Every part of our business over-performed and that's a testament to our talented staff and creators who share an unflagging belief in our goals," says ole Chairman & CEO, Robert Ott. 2017 saw numerous chart successes for ole songwriters including 26 US singles on the Country Aircheck Chart, 4 singles reaching the #1 position, 10 songs in the top 40, 3 BMI Awards and 3 ASCAP Awards. On the Canadian charts, olesongwriters had 14 top 25's, with 2 #1s, 5 top 5's, 9 top 10's and 14 top 25's. ole was also named the CCMA Publisher of the Year for the 11th year in a row.
New publishing signings for ole included an exclusive worldwide co-publishing deal with Bell Media, the signing of multi-platinum, performer, producer and songwriter Richard Marx, and the extension of its partnership with GRAMMY- winning super-producer Timbaland.
This year, ole label group, which includes Anthem Entertainment Group and development label, red dot, released albums by RUSH, Big Wreck, George Canyon, Josh Dorr, Max Webster, John Cody, Sam Grow and Jacob Powell. ole label group also announced an exclusive worldwide 360 deal to curate the music and personality legacy of iconic Canadian artist Stompin Tom Connors'. Tom Connors Jr. was on hand Friday to accept a plaque commemorating Stompin' Tom's recent induction into the Canadian Walk of Fame.
ole Nashville celebrated its 12th year in 2017 with a move to a new state-of the-art office space. The office has continued its record breaking streak with over 40 international singles and hundreds of cuts recorded by artists in the US, Canada and Australia.
Former CMT host Paul McGuire joined the ole team in September to produce premium content and host shows for ole's YouTube Multi-Channel Network (MCN), ole TV, which will be the new home of exclusive artist interviews, industry insights and weekly countdowns. Part of ole Digital, the channel is a full YouTube MCN partner for all media with over 17.6 billion views across publishing, masters and A/V to date.
Singer-songwriter Kalsey Kulyk was named the winner of this year's third annual ole on the spot competition, held during PotashCorp Canadian Country Music Week. After an impressive showcase before a panel of expert judges, the Hudson Bay native won a deal with artist development label red dot worth up to $40,000 that includes music publishing, EP recording production, YouTube audio-visual management, and support from ole's world-class creative staff.
Photos from the event can be viewed here.
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