October 18, 2011 09:00 ET

ole clear Acquires MusicBox, Noted L.A.-based Production Music Company

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2011) - ole clear is pleased to announce the acquisition of MusicBox, the noted Los Angeles-based production music company, along with its multiple libraries of over 24,000 tracks. The deal sees the retention of staff and the continuation of operations at 9157 Sunset Blvd. in West Hollywood. ole clear is one of the world's largest providers of 100% cleared production music in all media.

The deal includes ownership in the flagship libraries MusicBox and PromoBox and the rights to represent music tracks in 17 sub-published libraries across the United States including Deep East Music, MusicBox Classics, Gourd Music, Hella Good Records, Cue, Urban States America, Private Reserve, Spider Cues, Tread, Vibey Library, Boombox, Camaleon, Epic, Music For Sport, Icon, Ultraphonic, Roar and Hens Teeth Music, among others.

This deal will convey significant benefits to clear including mutual contributions to repertoire offering, the arbitrage of US distribution commissions and access to existing international sub-publishing networks. Conversely, the deal adds content to MusicBox's U.S. offering of ole clear's Attitude, Nelvana and Masters libraries and moves MusicBox to ole's automated, cloud IT services for a better client tech experience. ole also contributes copyright administration and financial services.

Robert Ott, CEO ole clear says: "Joel and Dan have created a great company at MusicBox. We take seriously our responsibility to continue the legacy of great customer service and creative at MusicBox and will work hard to bring clients and sub-published companies an unrivaled experience."

Says Joel Goodman, President, MusicBox: "All of us at MusicBox are excited at being part of the ole family. Through working with ole as our Canadian sub-publisher, we saw first-hand their commitment to music publishing and knew we had found the right partner to take MusicBox to the next level and beyond." Mr. Goodman will continue to advise ole clear on matters related to MusicBox.

clear (oleclear.com) is one of the world's largest providers of 100% cleared production music in all media. clear is committed to quality and offers 150,000 tracks of music in all genres from renowned libraries such as the catalogs of Telemusic, Music House and Omnimusic, among others, and the thousands of available tracks, in three main clear-owned brands: Nelvana Production Music, a repurposing of the elite quality music from the Nelvana show library; Attitude, a cutting edge library produced by L.A. production music veterans, Cunningham & Lang (Chronic, Killer Edge) and The Masters, a fully-owned library of authentically-played orchestral and originally-produced material.

The oleclear.com website has been designed as a state-of-the-art, automated, online customer experience and decision engine that functions on all platforms and complements an already world-class ole brand.

About ole

ole is one of the world's largest independent music publishers. Founded in 2004, and with offices in Toronto, Nashville and Los Angeles, the award-winning company boasts a team of over 30 experienced industry professionals focused on acquisitions, creative development and worldwide administration. The ole catalog includes over 45,000 songs and 40,000 hours of TV music across all genres. ole has completed over $105MM USD in acquisitions and has 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 an expert in administrating and sub-publishing music copyrights and has concluded international 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. www.majorlyindie.com / www.oleclear.com.

About MusicBox

MusicBox has been operating in the production music space since 2002 and has created a substantial library of music for film and television thanks in part to the prodigious output of composers and company co-founders, Joel Goodman and Daniel Stein. In October of 2009, former music supervisor and Emmy Award-winning composer Jonathan Firstenberg, who also has extensive music publishing production catalog and library experience, joined the company as Senior VP, overseeing operations and new business development. MusicBox owns and creates production music libraries, which has enabled the company to ensure its catalog is continuously growing in size and remains contemporary in today's marketplace.

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