Wednesday, May 28, 2014

Ole acquires Rush catalog
2:48PM EST | comments (37) |

In a press release from earlier today, rights management company Ole announced that they had purchased Core Music, the 40-year home of Rush's music publishing. From the press release:

ole has purchased Core Music, the 40-year home of Rush's music publishing, and will manage the music publishing affairs of the band for the foreseeable future.

Says ole Chairman and CEO Robert Ott, "ole is very honored to have been chosen by Rush to manage their incredible living legacy and to be a partner in their ongoing creative journey in music publishing. ole looks forward to working hard to ensure that Rush's music continues to find new and wider audiences."

Geddy Lee, singer/bassist of Rush, said, "We are pleased with the news of Core Music's deal with ole and happy that our publishing will be handled by a Canadian company with worldwide expertise."

"With the changing times in the music business, the responsibilities of a publisher have become much more complex. This deal will allow me to devote my time and energy to managing the live touring and recording aspects of Rush's ongoing career," said Ray Danniels, President of SRO/Anthem and Rush's longtime and only Manager.

As part of the ole-Core deal, Pegi Cecconi, who has overseen the administration of Core Music since inception, will continue to work full-time at the management and label home of Rush, SRO/ANTHEM, but will also take on a consulting role with ole in regards to the vast Rush catalogue.

The terms of the deal were not disclosed.

Ole CEO Robert Ott declined to comment on the exact terms of the deal but did tell Billboard the following:

... "I am not going to talk about money, unless we are going to talk about 'Big Money,'" the opening track on Rush's 1985 album, "Power Windows." ... Ott noted that the catalog could produce greater revenue and profits because "there hasn't been a lot of synch business in the past...There is more openness to exploring opportunities on that side now." But he added that ole would be "very careful about the ideas we bring to the table to promote their music." Beyond synch, Ott says there might be more ways to work the catalog outside North America, too. "This band has a worldwide audience," Ott notes. "We will look for opportunities everywhere the band has toured." Finally, Ott notes that he is proud ole was chosen to cultivate the Rush catalog going forward. "It's not every day you get to work with a catalog that made up the soundtrack of your life," Ott says.

It's not readily apparent what all of this means to Rush fans except that it's likely we may be hearing more Rush music in commercials, video games, TV shows, movies, etc. in the coming years. Thanks to Paul V for the heads up.



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#37 - Posted 5/31/14 @1:07AM by Enigmaticus [contact]

Nah, that will not work. Rush is Canadian, aren't they? Instead of gorgeous supermodels cavorting around in lingerie, picture fully bearded hairy lumberjacks chopping down trees in the video for The Trees. ;-)
#36 - Posted 5/30/14 @9:27AM by Enigmaticus [contact]

Throughout Rush's history, maybe they should have used scantily clad supermodels, in their videos instead. I think that the video for 'Nobody's Hero' is one of Rush's best videos, but it pales in comparison to this one, link by Duran Duran.

Rush has never been much of an image band, but they definitely could be. Now just imagine how creative Rush's videos could have been.
#35 - Posted 5/30/14 @1:14AM by HighFidelityRob [contact]

"Cut to the Chase" should have been made into a video where it cuts to Chevy Chase over and over and over again.
#34 - Posted 5/29/14 @6:24PM by Will Collier [contact]

Cut To The Chase should have been a single.

#33 - Posted 5/29/14 @6:10PM by Tom [contact]

I agree with earlier post about Rush's videos generally being sub-par. Not enough care with those (it would seem) compared to the music. Case in Point: Time Stand Still - a brilliant combination of lyric and music - but that video is seriously bad!

Also agree with what tracks they used to promote as 'singles'. Counterparts should have been massive - Animate rather than Stick It Out. Cold Fire rather than Everybody's Hero.

Not that bothered they did not become huge like the other acts - everything seems to be pretty much on their terms - but always good to hear people finding out about them.
#32 - Posted 5/29/14 @5:36PM by bakes7 [contact]

Sean #14 great post, very interesting...
#31 - Posted 5/29/14 @3:27PM by omegabrain [contact]

#30, Rush are not being exploited in any way. They voluntarily came to a mutually beneficial agreement. Exploited would be if they lost control of their work to another party without material gain. It's a business decision.
#30 - Posted 5/29/14 @3:18PM by What-A-Rush

For the record, I have NO problem with Rush seeking new "revenue streams" as they prepare for inevitable retirement. Understandable. However, I DO have a problem with the MUSIC of Rush being used ( i.e. EXPLOITED) to $ELL $OMEONE EL$E'$ PRODUCT$, integrity be damned! Overall, I'd say Rush, along with Ray Danniels, have built a VERY respectable AND profitable business and brand without whoring out the name. In MY opinion, the fact that Ott and Ole now have a stake in the publishing rights it pretty much gives them carte blanche to EVENTUALLY do with the catalog as they please. Not good!

I agree with #5 that it's rather PATHETIC for Ott to say that the only 'Big Money' he's willing to talk about is the...SONG? Give me a break! That's just simply going to be the end result...for Ott and Ole. Enough said.
#29 - Posted 5/29/14 @12:45PM by UnstableCondition

#24 - Ha! It seems I stole your comment without even reading it! What HE said...
#28 - Posted 5/29/14 @12:44PM by UnstableCondition

Just another step along the path to Rush retiring... Setting up revenue streams for the time when they decide that touring is too much of a pain for 60-plus dudes to bother with anymore. I'd imagine it would provide a more regular 'salary' than the feast or famine cash flow of touring too.

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