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Business News (more headlines) 10-27-2010

ole 7.0-ole Remains Focused On Acquisitions As It Begins Year 7

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During this time, the full service music publisher, based in Toronto with offices in Los Angeles and Nashville, has grown into one of the world's largest independents. With a catalog of over 40,000 songs and a similar number of hours of TV music, the company that calls itself "majorly indie" has found success by building the infrastructure of a large company while preserving the adaptability, speed and personal touch of an indie.

Solidly profitable, and with over $100MM USD in acquisitions under its belt, ole continues on an aggressive acquisitions path in 2010/11 with a substantial war chest to draw upon. Says CEO Robert Ott: "Acquisitions has always been a core activity at ole and this orientation will continue for 2011. We're extremely well-capitalized and intent on completing mid-eight figures in deals by the end of 2010, out of the 40-50 opportunities we are looking at right now." He goes on to relate that the company has not employed leverage to date in any of its deals and prides itself on a fast process for vendors while proceeding with strong governance. Over its short history, ole has completed 20-30 deals a year on average.

Some recent deals of note have been the acquisition of the 3,400-song, Nashville-based Blacktop catalog, Monty Powell catalog and a deal with songwriter and ex-Glass Tiger frontman, Alan Frew, that brought ole the Olympic theme song, "I Believe."

As a music company, ole has built its success on deep core values that include a dedication to great songs, adding value to its catalog and current songwriters and by building community. Collaboration and partnership with other businesses, songwriters and artists, has been a cornerstone of this effort. By example, the ole pop+urban songcamp and "hitsource" events, held in the U.S., the U.K. and Europe, have been successful in generating hundreds of songs, broadening the ole songwriter opportunity sets and spawning a number of successful songs and placements.

Says Ott: "It's not enough to acquire things well; you also have to be able to foster the creation of great songs, successfully promote and place your songwriters' work, collect globally and run a profitable business. To that end, we've set with a client service orientation in all these areas - we have to get our songwriters and songs work every day and provide a world-class collection service for our clients. This is a real music company, not a buy-and-flip operation - we're in it for the long term."

The company has experienced exponential Creative success this year with more cuts, syncs and awards than in any prior year: successes like Pop Hit Here; music from the new hit TV show, Cat In the Hat Knows A Lot About That and strong Country success with five current singles in the top 55 of the Billboard Hot Country chart. ole earned numerous honors in 2010 including the company's first Grammy for Taylor Swift's "White Horse" (Country Song of the Year) and a 4th consecutive CCMA Music Publisher of the Year award. ole continues to support 25 signed writers and 3 successful Co-Ventures as the company remains committed to great Creative. As Ott says: "It starts with a great song; always has and always will..."

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 four years and earned its first Grammy Award in 2009 for Best Country Song, "White Horse".

The ole catalog includes over 40,000 songs and 35,000 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 songwriters, legacy writers 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"; 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; "Why Wait", Rascal Flatts.

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