Chrysalis Acquires S1 Songs

Chrysalis Music Publishing has announced its acquisition of Irish company First State Media Group, a music publishing firm with operations under the S1 Songs and State One Music brands. Included in the purchase is S1 Songs’ Nashville operation.

FSMG controls over 45,000 music copyrights including the catalogue of Sheryl Crow, the former Dreamworks Publishing catalogue – including “Leaving on a Jetplane,” and “Take Me Home Country Roads” (John Denver), “Disco Inferno” (The Tramps) and “Somebody to Love” (Jefferson Airplane), “Superstar” (The Carpenters). Among the hits to have emerged from S1’s Nashville office are Easton Corbin’s “A Little More Country Than That,” Joey + Rory’s “Cheater Cheater,” Dierks Bentley’s “Feel That Fire” and Jake Owen’s “Eight Second Ride.”

As a result of the transaction, Chrysalis will manage music copyright assets worth in excess of $155 million. The acquisition positions Chrysalis as a significant partner for investors interested in stable music copyright assets.
The acquisition is being fully funded from Chrysalis’ existing facilities.