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Business News (more headlines) 06-09-2014

Florida Georgia Line ‘Cruise’ Co-Writer Signs Worldwide Publishing Deal With Ole

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Email: laurie@jaybirdcom.com
Website: http://www.majorlyindie.com
Country songwriter Jesse Rice’s catalog and futures to be administered by ole,
including ‘Cruise,’ the longest running #1 on Billboard’s Country chart

NASHVILLE, Tenn. (June 9, 2014) – Continuing a string of major catalog acquisitions, ole has finalized a worldwide administration deal with Nashville-based music publishing and artist development company Artist Revolution that brings the catalog and futures of acclaimed Country songwriter Jesse Rice to ole, which will handle administration duties. The deal includes Florida Georgia Line’s hit single “Cruise,” which was co-written by Rice and has sold nearly 7 million copies as of April 2014, overtaking Lady Antebellum’s “Need You Now” as the best-selling Country digital song of all time. The track also spent 24 weeks at the top of Billboard’s Hot Country Songs Chart, the longest reign in the chart’s 69-year history.

“Jesse Rice is one of the hardest working songwriters I have ever met,” said John Ozier, General Manager of Creative at ole. “To be able to represent Jesse, as well as the longest running #1 on Billboard’s Hot Country Songs Chart in Florida Georgia Line’s ‘Cruise,’ is a huge honor.”

“I’m super excited to join the ole Nashville team,” said Rice. “I have long held ole GM John Ozier with high regard, and the chance to team up with him and his staff over there was a home run when it came to determining the next chapter of my songwriting career. We’re hitting the ground running, and I couldn’t be more pumped about the opportunities we have in place.”

Rice joins a growing stable of talent that also includes seminal prog-rock band Rush, hip-hop and R&B hitmaker Timbaland, Aerosmith frontman Steven Tyler, and fellow up-and-coming Country artists Tyler Farr, Josh Dorr, and Sam Grow, among many others.

About ole:
ole is one of the world’s foremost rights management companies with investments of over $300M in music intellectual property (IP). Founded in 2004, and with operations in Toronto, Nashville, New York and Los Angeles, ole is engaged in IP acquisitions, creative development, and worldwide rights management. The ole catalog includes over 45,000 songs and 60,000 hours of TV and film music across all genres including the recently acquired catalog of Sony Pictures Entertainment. Copyrights under ole’s control include songs recorded by artists such as the Backstreet Boys, Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, Jay Z, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, Rihanna, Rush, Steven Tyler, Taylor Swift, and Timbaland, and many of the themes, scores, and cues in Film & Television properties from the catalogs of DHX Media, MGM, Miramax, Nelvana and Nu Image/Millennium. MusicBox, the Production Music division of ole, provides quality content and service to creators in all media with over 150,000 tracks in its library.

ole is proud to be to be associated with its bank partners SunTrust, JP Morgan Securities, CIT Finance, Fifth Third Bank, Avenue Bank, City National Bank and OneWest Bank.

ole is committed to being the world’s best and most innovative Rights Management Company and the preferred destination for IP Investors and Creators in all Media.

For more information, visit www.majorlyindie.com.

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