Spirit Music Group has entered an administrative services agreement with Downtown Music Publishing. Previously, Spirit handled its U.S. administration in-house. A representative for the company confirmed there were no layoffs made in relation to this deal.
Through this new partnership, Spirit will benefit from Downtown’s global administration, registration and technology platform, and it will continue to honor its sub-publishing arrangements overseas.
“This move allows us to pair Spirit’s expertise at A&R, marketing, branding, digital and synchronization with Downtown’s extensive administration, technology, and registration capabilities to provide the best infrastructure available for our songwriters and partners. By uniting these strengths for Spirit clients, the sum is even greater than its parts,” says Jon Singer, chairman, Spirit Music Group. “As Spirit continues to grow, invest in new talent, and acquire repertoire, we want to continue to focus on what we do best—ensuring that our songwriters and artists are seen, heard and prioritized and driving growth for them through proactive, innovative song management. Linking arms with Downtown ensures that we stay ahead of the curve and in so doing allows us to maintain a laser focus on creating value for our copyrights as we continue to aggressively scale our business in the coming years.”
“We are pleased to be working with the amazing team at Spirit and to administer a catalog so filled with musical gems,” says Andrew Bergman, CEO of Downtown Music Holdings. “We designed Downtown and our suite of service offerings specifically with these types of deals in mind so it is immensely gratifying for Spirit to have chosen to work with us.
“Working with Spirit Music Group reinforces our dedication to fostering the success of legendary musical catalogs as well as supporting new talent, both abundantly represented in Spirit’s catalog,” says Emily Stephenson, president of Downtown Music Publishing. “Downtown is committed to providing the best services to our clients via investments in administration, rights management, data and technology and we are thrilled to be working with the Spirit team.”