Toronto-based independent publisher ole has acquired music publishing and licensing company Jingle Punks.
Under the agreement, ole’s PML repertoire will fold into Jingle Punks, doubling Jingle Punks’ available repertoire. Jingle Punks provides original and licensed music for television, film, video games, advertisements, and more. The move creates one of the world’s largest production music libraries.
As part of the deal, Jingle Punks founders, Jared Gutstadt and Dan Demole, will oversee ole’s production music operation.
The Jingle Punks operation in Nashville, which included songwriters who also produced music for television and advertising, will fold into ole’s Nashville operation.
With the acquisition, Jingle Punks gains the ability to offer clients access to ole’s global rights management platform, while Jingle Punks achieves economies of scale. The combination opens cross-platform business development and services opportunities for both companies.
“ole looks forward to working with Jingle Punks towards a future that combines our respective strengths to great advantage and for the benefit of our clients,” says Robert Ott, CEO and Chairman of ole. “Jared and Dan are great entrepreneurial talents who have built the most exciting brand in production music history, and we look forward to increased profitability together.”
Demole says, “This is the kind of deal we’ve dreamt of since our founding in 2008: working with an independent and entrepreneurial company such as ole that, like Jingle Punks, has asserted itself as a leader in their space by aggressively breaking conventions.”
“ole’s sensibilities are keenly matched with ours. We continue to focus on the core assets and core capabilities of our business and grow, grow, grow. This is a new day for Jingle Punks and is going to not only benefit our staff and network of artists, but the wonderful clients we have been servicing for the past 7 years,” adds Gutstadt.
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