Spirit Music Group has entered into a management services agreement with Downtown Music Publishing. Previously, Spirit handled American management internally. A company spokesman confirmed that no layoffs were made in connection with this deal.
Through this new partnership, Spirit will benefit from Downtown's global management, recording and technology platform, and will continue to honor overseas sub-release arrangements.
“This move allows us to combine Spirit's expertise in A&R, marketing, branding, digital and timing with Downtown's extensive management, technology and recording capabilities to provide the best infrastructure available for songwriters and partners us. By joining these forces for Spirit customers, the sum is even greater than its parts,” he says John Singer, president, Spirit Music Group. “As Spirit continues to grow, invest in new talent and acquire repertoire, we want to continue to focus on what we do best—making sure our songwriters and artists are seen, heard and prioritized and driving growth for them. through proactive, innovative song management. Linking arms with Downtown ensures we stay ahead of the curve and in doing so allows us to maintain a laser focus on creating value for our copyrights as we continue to aggressively scale our business in the coming years.”
“We are delighted to be working with the amazing team at Spirit and managing a catalog full of musical gems,” he says Andrew Bergman, CEO of Downtown Music Holdings. “We designed Downtown and our suite of service offerings specifically with these types of offerings in mind, so it's very gratifying for Spirit to choose to partner with us.
“Partnering with Spirit Music Group reinforces our commitment to promoting the success of legendary music catalogs as well as supporting new talent, which is abundantly represented in Spirit's catalog,” he says. Emily Stephenson, president of Downtown Music Publishing. “Downtown is committed to providing the best service to our customers through investments in administration, rights management, data and technology, and we are excited to partner with the Spirit team.”
from our partners at https://www.billboard.com/business/publishing/spirit-music-group-administration-services-downtown-publishing-1235588112/