Steven Spielberg’s Amblin Partners sells 50% of the intellectual property of the film music catalog to multimedia music

  • Save on computer

Multimedia Music Amblin Partners

  • Save on computer

Photo Credit: Multimedia Music

Steven Spielberg’s Amblin Partners sells 50% of its intellectual property in film music catalogs to Multimedia Music, including music by composers such as John Williams, Danny Elfman, Thomas Newman, Alexandre Desplat and others.

Steven Spielberg’s Amblin Partners has sold a 50% interest in its music publishing and mastering rights to its film music library, including award-winning films, to Multimedia Music (MMM). 1917, Green Book, The BFG, Bridge of Spies, The Post, Office Christmas Party, The Girl on the Train, and more. The catalog features music by composers such as John Williams, Thomas Newman, Danny Elfman, Rachel Portman, Alexandre, Mark Isham and Rob Simonsen.

Through the partnership, Multimedia and Amblin will also pursue new goals initiatives Driving value by maximizing revenue streams and finding new uses for the catalog in commercials, trailers and TV shows.

“We’re proud to partner with MMM and look forward to exploring new ways with their amazing team to maximize the value of our extensive catalog of music,” said Chris Floyd, Co-COO and General Counsel of Amblin Partners.

“By combining Amblin’s unmatched creative content with our ability to maximize media music revenue, we are confident that together we will create significant value for both our partnership and the composers whose great works make up the catalogue,” said Multimedia Music Partners James Gibb and Phil Hope.

The catalog deal follows a recent aggressive round of acquisitions by MMM which, in addition to acquiring a stake in the Amblin music library, also includes the purchase of the STX Entertainment and Atlantic Screen Music libraries, as well as the catalogs of music revenues and copyrights of numerous composers including James Newton Howard, Tyler Bates, David Buckley, Michael Corcoran, Sean Callery, and Trevor Morris. Multimedia Music recently completed a $100 million increase in investment in the Multimedia Music fund, doubling its size to $200 million.

As artists’ catalog sales have increased in recent years, companies like MMM have been keen to monetize them. Warner Bros. Discovery is targeting a hefty price tag to outsource all or part of its music catalog, which the company considers non-core.