STX Entertainment Music Library Acquired by Multimedia Music (EXCLUSIVE)
variety.comLeo Barraclough International Features Editor Multimedia Music has closed an eight-figure deal to acquire the music publishing and music master rights from the entire film music library of STX Entertainment, including film titles such as “Bad Moms,” “The Gentlemen,” “Den of Thieves,” “Greenland” and “The Foreigner,” and music from leading composers including Hans Zimmer, Cliff Martinez, Marcelo Zarvos, Hauschke, Chris Lennertz, Andrew Lockington, Clinton Shorter and Nicholas Britell.
STX will continue to develop and produce a slate of films through the studio’s new partnership with Lionsgate, but the Multimedia Music deal does not include rights in any of STX’s current or future slate of films.
Multimedia Music partner James Gibb, who leads the company with Phil Hope, said: “We are thrilled to have secured this library of music created by some of the industry’s leading composers.
Over the past 10 years STX have repeatedly produced and released high-quality, commercial feature films.” Noah Fogelson, CEO of STX Entertainment, said: “The team at Multimedia Music have secured the publishing rights to some of the industry’s leading artists and composers and we know this library will add more value to their growing and impressive portfolio of publishing and master rights.” Since launching just 14 months ago, Multimedia Music has spent more than $120 million on acquisitions.
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