ole majorly indie

ole majorly indie

September 01, 2010 13:00 ET

Monty Powell Chooses ole for Catalog and Futures

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - ole one of the world's largest independent music publishers, has concluded a catalog purchase and worldwide co-publishing deal with prolific songwriter and producer, Monty Powell.

Powell has been responsible for hit songs that have helped drive the sales of more than 50 million albums in total by artists like Restless Heart ("Dancy's Dream"), Diamond Rio ("Norma Jean Riley," "Nowhere Bound"), Billy Ray Cyrus ("Could Have Been Me"), Brooks & Dunn ("I Am That Man"), Tim McGraw ("One of These Days"), Chris Cagle ("What A Beautiful Day," "Miss Me Baby") and Keith Urban ("Days Go By," "Tonight I Wanna Cry"). Powell has collaborated as co-writer with some of the hottest artists in the music world such as Keith Urban (his new album due in November; Lady Antebellum and Darius Rucker.

"I'm excited about ole as a company," says Powell, a native of Georgia, who currently lives in Nashville. "I think they've positioned themselves exactly the way that a company needs to be: playing the type of ball that the majors play, playing at the level they play, but playing with an independent mindset. That's one of the reasons why they've been successful. I think they're going to be the force in music publishing in the near future because they move nimbly and have a very interesting capital structure. It's just a completely different model and I'm all about new models. These guys are thinking outside the box; I'm thinking outside the box and we've come to a lot of the same things together, so it makes sense that we partner up. The executive team at ole is very sharp. They all have deep publishing backgrounds, not just finance or widget-selling, so they understand the push and pull of what it really takes to monetize a copyright and what that means over the life of a copyright."

Comments ole's Chairman & CEO, Robert Ott: "ole is very pleased to welcome Monty Powell to our team. Monty's ability to write hit songs is widely known, but he is also an innovative thinker and entrepreneur of the first order. I know that he will add immensely to ole's already aggressive and innovative creative culture."

As a songwriter, Powell swept the SESAC Awards in 2009 as he prevailed in the categories of Song, Songwriter and Publisher of the Year. In 2006, he picked up a Song of the Year CMA nomination for Keith Urban's "Tonight I Wanna Cry." As a producer, he earned a CMA Album of the Year award for his work on Common Thread: The Songs of the Eagles in 1994 and co-produced Diamond Rio's first three top selling albums, as well as Keith Urban's critically-acclaimed band, The Ranch for Capitol Records.

One of the things for which Powell has become noted is the time he spends on the road writing with a number of artists with whom he has developed close ties. "Several years ago, I carved this niche out for myself in the songwriting community," explains Powell. "There weren't a lot of alternative ways to skin the cat. I went directly to the artists and suggested that I go out on the road with them, integrate and become a part of their team. I told them that I would work with their schedule. If you need me, I'll be there, if not, you won't even know that I'm around. All this dead time and down time where you are not being creative or you are not generating a copyright or anything that you can monetize as an artist while you're out on the road, we can turn into creative time. A lot of people really perked up at that notion and gave me the opportunity to come out and gave me a bunk on the bus and I became one of the team. That's what I do."

ole Chief Creative Officer, Gilles Godard, adds; "Monty is truly on top of his game, he has mastered his craft, consistently writing hit songs with a diverse group of artists.  ole will support that diversity by arranging cross-genre, cross-media and international collaborations to Monty's schedule. We'll also work the catalog and develop new uses for it and help to develop Monty's brand."

ole is one of the world's largest independent music publishers. Founded in 2004 and with offices in Toronto, Nashville and Los Angeles, ole boasts a team of over 30 experienced industry professionals focused on acquisitions, creative development and worldwide administration. ole has been named Canadian Country Music Association's Music Publishing Company of the Year for the past three years and earned its first Grammy Award in 2009 for Best Country Song, "White Horse".

The ole catalog includes over 35,000 songs and 40,000 hours of TV music across all genres. ole has completed over $100MM USD in acquisitions, including purchases of music catalogs: Blacktop, Jody Williams Music, Chris Wallin, Rick Giles, Balmur, Keith Follese, Lighthouse, Frank Myers, Dream Warriors, Encore, David Tyson, and Marsfilm Music. ole has also purchased the worldwide music rights for TV catalogs such as WGBH, Cookie Jar, Cineflix, and recently, "The Cat In The Hat Knows A Lot About That".

ole is committed to the creative development of its 6o+ staff and legacy songwriters and composers, and the cultivation of our catalogs and client catalogs. ole has ongoing co-ventures with Last Gang Publishing (Alt Rock), Roots Three Music (Country) and tanjola (Pop/Rock/Urban).

ole is an expert in administrating and sub-publishing music copyrights and has concluded worldwide publishing administration agreements with some of the world's leading songwriters, publishers and film and television producers. adminow, ole's online portal delivering leading edge client account transparency, was launched recently and demonstrates ole's commitment to world-class client service and being on the leading edge of IT.

Notable copyrights for ole include Taylor Swift singles- "Fearless", "White Horse", "Tim McGraw," "Picture To Burn", "Teardrops On My Guitar"; Rascal Flatts' "Why Wait"; Kelly Clarkson's "Miss Independent"; "Can't Hold Us Down" by Christina Aguilera featuring Lil' Kim; "Black Velvet" by Alannah Myles; Craig Morgan's "That's What I Love About Sunday"; "Something Like That", Tim McGraw; "S.O.S (Let The Music Play)" performed by Jordin Sparks.

ole is committed to being the best and most innovative global destination for world-class songwriters, composers, and management talent, and the first choice music source for creators in all media.

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