Archive for February, 2013

RESERVOIR MEDIA ACQUIRES LONG TIME NEW MEDIA LAW CLIENT: P & P SONGS

RESERVOIR MEDIA ACQUIRES P&P SONGS

New Media Law is delighted to announce that our long time client, P & P Songs, owned by the music publishing veterans, Peter McCamley and Paul Flynn, and publishers of sensational songs like James Arthur’s “Impossible” (the massive selling UK Christmas hit of 2012/13) has been sold to Reservoir Media.  New Media Law’s Rick Riccobono brokered the deal with Reservoir, acting for P & P Songs, whilst Ian Penman handled the contract negotiations from inception to completion.

Ian Penman said of the deal:  We are delighted about this fantastic win-win for our clients, Peter and Paul.  Clearly, once the guys had told us that they were selling, we were keen to help.  Having Rick’s incredible music publishing knowledge and enormous contact base within our offering is unique in Europe, as clients such as P & P, STIM, Broadchart and 7 Digital can easily verify.  This has enabled New Media Law to deliver a great result for P & P, which we look forward to repeating for other clients in the future. Of course, this is a true win win, as Reservoir have aquired a fantastic catalogue with some of the best pop writers in the world.

New Media Law was ably assisted with the US law elements of the transaction by Robert Epstein and his team, Joshua Sessler and Steven Werier of Cowan, DeBaets, Abrahams & Sheppard LLP in New York.  Reservoir used their in house lawyer, Jeff McGrath in Toronto, aided by Steve Hurdle of Loeb & Loeb in LA, as well as Mark Levinsohn in New York, with Rell Lafargue leading the transaction for Reservoir.

Reservoir’s press release follows:

  

RESERVOIR ACQUIRES P&P SONGS; ADDS WORKS BY INA WROLDSEN, LOTTE MULLAN, SANDI THOM

NEW YORK, February 15, 2013—Reservoir is pleased to announce the acquisition of British independent music publishing company P&P Songs.  The transaction makes Reservoir the owner of over 1,000 P&P pop music titles, while aligning the company with popular songwriters Ina Wroldsen, Sandi Thom, and Lotte Mullan.

Reservoir Executive Vice President Rell Lafargue spearheaded the deal.  “P&P has long been associated with prolific pop music writers and iconic catalogs alike,” Lafargue notes. “Absorbing the catalog and focusing our creative energy on opportunities for each songwriter allows Reservoir to do what we do best—market, develop, and otherwise support incredible talent and hit songs.” 

Reservoir will support P&P’s U.K. based writers from its Reverb Music office in London, where Managing Director Annette Barrett oversees European operations. The company’s New York City headquarters will focus on expanding writers’ profiles in America through new co-writes, synchronization, and marketing opportunities.

P&P Songs was founded seven years ago by respected music publishing veterans Peter McCamley and Paul Flynn.  Under their leadership, the catalog grew into an enviable collection of contemporary Top 40 singles and classic pop and rock gems.  P&P’s reputation as a leading British independent music publishing company is underscored by its longstanding relationships with iconic songwriters including Steve Miller and Albert Hammond, a Songwriter Hall of Fame inductee.

At the helm of the contemporary movement are three expert pop songwriters: Sandi Thom, the recording artist and writer whose own release “I Wish I Was a Punk Rocker (With Flowers In My Hair)” topped the UK Singles chart in 2006; Lotte Mullan, the multi-talented songwriter, artist, and author whose account of working in the music industry recently won her a book and film deal with Elton John’s Rocket Entertainment; and the highly sought-after Ina Wroldsen, a BMI Award winner and writer of hit songs for Britney Spears, Cobra Starship, One Direction, Shontelle, Leona Lewis, and The Wanted, among numerous others.  Wroldsen in particular has been exceptionally successful as one of the leading female top-line pop writers in the business today.

P&P’s Peter McCamley and Paul Flynn encourage the acquisition, saying, “From our first conversations with Reservoir it was clear that they share our vision of music publishing, where creativity is matched by business insight and strategy. We are both proud of what we have achieved at P&P and being able to transfer our catalogue and writer agreements over to a similarly respected, creative and hardworking independent publisher in Reservoir was extremely important to us. We trust that their team will provide the P&P roster with the continuing attention and support such songwriters deserve.”

ABOUT RESERVOIR    

Reservoir is a New York City based boutique music publisher boasting a multi-genre, hit-driven catalog.  With over 75 #1 singles worldwide by 50 Cent, 2 Chainz, Aaliyah, Beyoncé, Donna Summer, Madonna, Justin Timberlake, and Usher, among many others, Reservoir is home to the catalogs of Nate “Danja” Hills, Lil Jon, Scott Storch, John Rich, Kenny Alphin, Bruce Roberts, Jamie Hartman, Phil Bentley, Peter Gordeno, Slakah The Beatchild, and Stephen “Static Major” Garrett. 

Recent milestones for Reservoir include seven 2013 Grammy Award nominations, four new RIAA certified Gold and Platinum albums, the acquisitions of UK publishing company Reverb Music and classic soul catalog Philly Groove Records, #1 albums by Rihanna, Wiz Khalifa, 2 Chainz, Nicki Minaj, Usher, Chris Brown, and Tank, and exclusive agreements with Black Fountain Music, Blackground, and Lifted Publishing.

Reservoir aggressively pursues new marketing opportunities and revenue streams for its writers, providing world-class administration using the latest technology and software.  The company continues to grow through the acquisition of new catalogs and the signing and development of top creative talent. 

Link to Billboard article:

http://www1.billboard.biz/bbbiz/photos/pdf/2013/current.pdf

Link to Music Week article:

http://www.musicweek.com/news/read/p-p-songs-acquired-by-reservoir/053686

The Right To Bare Arms…?

I was reading a fascinating series of posts in the marvellous ” www.thestraightdope.com ” on the subject of the Second Amendment of the US Constitution, and what the founding fathers had meant when they drafted it, notably of course what is meant by “the right to bear arms”.

Of course, some of the lighter posts were just lovely:

“It was a simple spelling mistake. The founding fathers anticipated the eighties fashion trend of rolled-up sleeves, whose exponents included bands such as Mr. Mister, and it was the right to bare arms they hoped to enshrine. “Militia” was late 18th century slang for “synth-pop combo” and by well-regulated they meant it had to have a particularly tight rhythm section.*

*answer may not be factual. ” ( http://www.youtube.com/watch?v=XNKbHJ3PTu4 )

followed by…

“I’m not on board with this until we get an exact definition of “bare arms” - does it or does it not include the shoulders?”

and…

“No no no, it clearly says that Americans have the right to hunt down bears and collect their arms. The right to bear arms shall not be infringed.

I don’t believe that shoulders are required but I do believe they are allowed.”

Which caused the original author to reply:

“Some interpret as the right to wear muscle shirts, others say it’s clear that the founding fathers never anticipated the invention of the muscle shirt and members of the general population should not have access to such powerful clothing.”

Brilliant!

However, as an impartial observer (albeit that I am a countryman of the country that the founding fathers threw out), may I make an independent (if you will pardon the expression) comment:

Surely the point is not what the authors meant in December 1791, when the amendment was drafted, but what should be done today… ?

I read that the US Federal Government spending on defence will be $868,100,000,000 in 2013. (http://www.usgovernmentspending.com/…l_fy12bs12013n).  Which equates to 23% of the total US Federal budget.

Now I do not profess to be an expert on 18th century history, but I would warrant that the founding fathers didn’t spend anything like that on defence (note the English spelling)… such that giving the populace the right to bear arms may not be quite as necessary as it was in 1791.  Perhaps it should be changed?  For good.

As South Africans can most recently tell, having lost the beautiful Reeva Steenkamp to 4 bullets from her boyfriend, giving ordinary private citizens the right to “bear arms” can often have the most horrid of conseqeunces: http://www.thetimes.co.uk/tto/news/w…cle3690834.ece

Time for change?

Perhaps the incumbent (Mr Obama) can do something drastic here, for the public good, and bring about a change which is fit for the 21st Century and which others can follow?  After all, it is not like he needs to worry about being voted back in…..!

Ian Penman

[NB. This is a personal opinion of Ian Penman, and may not be shared by all of the members of New Media Law LLP]

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