Business News Deals Labels & Publishers

Ole uses some of its new cash to expand audio-visual rights business

By | Published on Friday 30 September 2016


Fresh from securing that $500 million credit facility, Canadian music rights firm Ole has announced another acquisition, though this one expands the company’s activities elsewhere in intellectual property, with new buy Compact Media mainly operating in the TV and movie space, albeit with a little bit of music royalties work on the side.

London-based Compact offers a range of services to rights owners, principally in the audio-visual domain, with particular expertise in the management of so called secondary or retransmission rights. The acquisition, says Ole, will bring it “added commercial, data and systems expertise in the space and complements our substantial, existing business in audio visual IP and AV secondary rights”.

Compact will remain under its own brand following the acquisition, and will continue to be led by its CEO David Johnson. Compact employees in London, the US and Australia will become members of the Ole team.

Says Ole chief Robert Ott: “Ole is very excited to be adding Compact’s global capabilities as a leader in the AV rights management space, and we look forward to bringing the increased benefits to our mutual clients around the world. David and his team have built a formidable business and we welcome them to Ole”.

For his part, Johnson added: “Compact Media is delighted to be joining Ole. Over the last few years we have built up a loyal and varied customer base which we believe will benefit greatly from this new combination with Ole. The team at Ole has impressed us with the quality and breadth of their service offering which we think will provide an even better platform for us to serve our client base with the personal and expert levels of service they are used to”.