August 14, 2015 09:00 ET

ole Enters Exclusive Administration Agreement for Catalog Owned by Prime Time Agency Founder Francois Lachance

TORONTO, CANADA--(Marketwired - Aug. 14, 2015) - ole, the world's fastest growing independent rights management company, is expanding its holdings through the acquisition of more than 250 songs owned by Francois Lachance, founder of the Prime Time Agency and multi-platform music company Raccoons by Night Music. The worldwide admin deal gives ole the exclusive right to administer music copyrights and digital audio-visual rights for the Lachance catalog, which includes tracks by Canadian artists Patrick Kordyback (lead singer of the band Stereos, which won MuchMusic's reality competition show disBAND); songwriter/recording duo Midaz & Ellie, who reached #31 on the Canadian Top 40 radio chart in August 2014 with "Down Together"; and The Suits XL, whose hit song "Play" was spun more than 5,000 times on Canadian pop radio. ole will also receive co-publishing rights to any new songs that are written or recorded because of their efforts.

"We look forward to working with the exciting artists on the Prime Time roster and the drive and entrepreneurial talent of Francois Lachance," said Robert Ott, Chairman and CEO of ole.

"It's an honour for me, Prime Time Music, Francois Lachance Publishing, and Raccoons by Night Music to be part of the ole publishing family," said Lachance. "I have always admired ole CEO and Founder Robert Ott and am looking forward to growing our business with ole. Our country, indie rock, and rhythm and pop catalogue is in good hands."

Lachance founded the Prime Time Agency in 2003 as a multi-service event agency focusing on festivals and corporate events. In this capacity, he has worked with major artists such as Kenny Rogers, Simple Plan, CCR Revisited, Our Lady Peace, and Billy Talent.

He also serves as CEO of Prime Time Studio & Music, which provides music rights clearance services and produces original music for advertising campaigns, video games, movies, and TV series. The company has worked with big-name acts including U2, Arcade Fire, Jay Z, and more.

Lachance recently launched the pop-oriented multi-platform music company Raccoons by Night Music, which provides services such as recording, sponsorship, shows, merchandizing, and artistic direction strategy and consulting. The company's products are marketed and distributed by Warner Music Canada.

About ole:

ole is one of the world's foremost rights management companies with investments of over $450M in music intellectual property (IP). Founded in 2004, with operations in Toronto, Nashville, New York, and Los Angeles, ole is engaged in IP acquisitions, creative development, and worldwide rights management. The ole catalog includes over 45,000 songs and 60,000 hours of TV and film music across all genres. Copyrights under ole's control include songs recorded by artists such as the Backstreet Boys, Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, Jay Z, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, One Direction, Rihanna, Rush, Taylor Swift, and Timbaland. ole controls substantial A/V music and secondary rights including catalogs from Sony Pictures Entertainment, MGM, Miramax, Nelvana, and Nu Image/Millennium. Jingle Punks, the Production Music division of ole, provides quality content and service to creators in all media with over 230,000 tracks in its library.

ole is committed to the creative development of its 100+ staff songwriters, legacy writers, and composers and adding value to our catalogs and client catalogs. Current ole writers include Rush, Timbaland, Tyler Farr, Josh Dorr, Gord Bamford, Brett Jones, Dave Turnbull, Jeremy Stover, Marty Dodson, and Ian Thornley. ole has ongoing Ventures with Last Gang Publishing, Roots Three Music, Jackoby Publishing, and most recently, ole-Bluestone Publishing, ole's venture with global hitmaker Timbaland. ole's legacy catalogs and writers include Max Webster, Coney Hatch, and Ian Thomas.

ole is proud to be associated with its bank partners SunTrust, JP Morgan, CIT Finance, Fifth Third Bank, Avenue Bank, City National Bank, and OneWest Bank.

ole is committed to being the world's best and most innovative Rights Management Company and the preferred destination for IP Investors and Creators in all Media.

For more information, visit www.majorlyindie.com.

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