Arent Fox Represents Reservoir Media Management in Acquiring Historic Music Publishing Catalog
New York, NY — In a blockbuster acquisition involving a portfolio of prime music assets, Arent Fox LLP advised independent music publisher Reservoir Music Management in purchasing First State Media Holding Co.’s catalog of approximately 26,000 copyrights spanning seven decades. Intellectual Property partner Ross J. Charap and senior associate Matthew L. Finkelstein counseled Reservoir on all IP aspects of the transaction. Together, they have advised clients on a total of more than $300 million in musical asset sales and acquisitions.
The catalog acquired by Reservoir involves iconic works from many genres, including “Take the A Train,” made famous by Duke Ellington; the dance anthem “The Twist,” popularized by Chubby Checker; the venerable party tune “Louie Louie,” recorded by The Kingsmen; and the disco classic “Disco Inferno,” memorably performed by The Trammps. There are also works by Sheryl Crow, John Denver, Bob Marley, The Carpenters, Kelly Clarkson, and bands such as Creed and Evanescence, and many others.
Mr. Charap’s practice focuses on transactional, licensing, and litigation matters in the entertainment industry. His clients include songwriters, recording artists, playwrights, authors, visual artists, as well as music publishers and theatrical producers.
“We are delighted to have played a key role in bringing this outstanding catalog of popular hits to Reservoir. The catalog adds additional luster to the growing collection of current musical works the company has already amassed,” said Mr. Charap. “This is precisely the sort of large scale transaction involving ‘legacy’ works that Matt and I are uniquely qualified to handle. It exemplifies why we have earned a reputation as one of the few legal teams in this ever-changing business that can perform diligence and paper transactions in an efficient and timely manner.”
Reservoir is a global-minded independent music publisher, based in New York and with offices in Toronto and London, that boasts a multi-genre, hit-driven catalog and a robust collection of 75,000 music copyrights. For more information on Reservoir click here.
Chambers Global, Chambers USA, and Legal 500 have recognized the Arent Fox’s Intellectual Property practice and its attorneys as industry leaders. Arent Fox is one of the few “go-to” firms for novel and high-profile intellectual property issues. With more than 70 full-time IP professionals, the group offers a full range of services across copyright, patent, and trademark matters.