Independent rights management company, ole, has some big news to share to close out this exciting week. The fast growing company has just acquired 5 Alarm Music, which will add to their already deep production-music resources. 5 Alarm Music is an independent production music library, and will add 130,000 tracks to ole's existing library, which now totals 750,000 controlled tracks.
With the deal, 5 Alarm will gain access to ole's significant infrastructure resources, and will also open up new cross-marketing opportunities for both companies. This is huge news for both companies, considering the significant success that 5 Alarm Music has already experienced. 5 Alarm specializes in custom compositions, music replacement, music editing, cutting edge music technology, music directors, and access to more than 80 production-music libraries from around the world. Combined with the massive resources of ole, the partnership is bound for many projects to come.
The 12-year-old company has made a huge mark in its industry. With multiple locations across the United States, they have investments of over $500M in music intellectual property and remain one of the world's foremost rights management companies. On staff, they have over 120 songwriters, legacy writers, and composers. Ole also controls substantial A/V music and secondary rights including catalogs from Sony Pictures, MGM, Miramax, Nelvana and more.