Main Wave Music has struck what it says is a ‘multimillion-dollar deal’ with singer, songwriter, and producer Stevie Van Zandt.
In accordance with the announcement, the corporate says it’s going to handle the artist’s music publishing and recorded music catalogs, in addition to a portion of his identify and likeness rights.
Phrases of the deal additionally embody a stake in producer royalties from Van Zandt’s work with Southside Johnny and the Asbury Jukes, together with band member and producer royalties from his lengthy collaboration with Bruce Springsteen.
Amongst this work consists of albums comparable to The River and Born In The usA., in addition to songs like Hungry Coronary heart, Glory Days, Dancing within the Darkish, Born in the united statesA., and extra.
For greater than 5 a long time, Stevie Van Zandt’s songs have been carried out by such stars as Nancy Sinatra, Meat Loaf, Ronnie Spector, Damian Marley, Brian Setzer, Michael Monroe, Gary U.S. Bonds, Jimmy Barnes, Black Uhuru, and plenty of others.
Highlights of the deal embody among the artist’s greatest hits, amongst them Southside Johnny and the Asbury Jukes’ I Don’t Need To Go Dwelling and This Time It’s For Actual, and I Am A Patriot (famously lined by Jackson Browne, Pearl Jam, and others), and the theme tune for his 2019 Netflix collection, Lilyhammer, and Darlene Love’s vacation hit, All Alone On Christmas (the latter featured in such movies as Dwelling Alone 2: Misplaced in New York and Love Really).
In accordance with a press launch, phrases of the deal additionally embody entry to Main Wave’s advertising staff and publishing infrastructure, which incorporates digital technique, licensing, synch alternatives, and movie & TV manufacturing.
The information marks the newest deal for Main Wave and comes two weeks after the corporate acquired the music rights of Robby Krieger and the late Ray Manzarek of the legendary US rock band, The Doorways.
“They’ve an unimaginable observe document for being inventive and proactive. Wanting ahead to seeing what sort of enjoyable we will have with these songs I’m nonetheless actually pleased with.”
Steve Van Zandt
“Couldn’t be extra excited to discover this partnership with Larry and Main Wave,” says Van Zandt.
“They’ve an unimaginable observe document for being inventive and proactive. Wanting ahead to seeing what sort of enjoyable we will have with these songs I’m nonetheless actually pleased with.”
We couldn’t be extra excited to have him be part of the Main Wave household and our staff is able to dig in to this unimaginable catalog.”
Samantha Rhulen, Main Wave Music
Samantha Rhulen, SVP, Enterprise & Authorized Affairs at Main Wave Music, stated: “Stevie’s legendary profession speaks for itself.
“His expertise as a songwriter and producer is famend. We couldn’t be extra excited to have him be part of the Main Wave household and our staff is able to dig in to this unimaginable catalog.”
Different offers struck by Main Wave embody the acquisition in November of the copyrights to hit Whitney Houston songs as a part of a deal for about 60 songs written by songwriters Shannon Rubicam and George Merrill, of American pop-music duo Boy Meets Woman.
In October, Main Wave struck a $2 billion take care of monetary big Brookfield, which included the acquisition of a minority stake in Main Wave and Brookfield investing $1.7 billion into a brand new “everlasting capital car”.
As MBW reported in October, Main Wave nonetheless has a bit over $1 billion in unspent Brookfield funding after an preliminary $700 million was spent buying some rights from Main Wave’s Fund 1 and Fund 2.
(Fund 3 was born in 2021. MBW’s sources counsel it was backed with $800 million in capital. The launch of Fund 3 coincided with a $375 million funding into Main Wave by Oaktree Capital.)
The brand new “everlasting capital car” is basically a fourth fund – by which Main Wave itself is a minority proprietorMusic Enterprise Worldwide
