STX Entertainment have announced an exclusive agreement with Universal Music Publishing to globally administer both STXtv and the recently acquired Lalela Production Music libraries.
Under the new agreement, UMPG, which currently administers music from STX’s existing and upcoming theatrical film productions, can now also administer music for STXtv’s television properties. It can also manage the Lalela Music catalogue, which can be heard in programs including American Idol, So You Think You Can Dance and The Real Housewives franchise.
Jason Markey, EVP, head of music STXfilms, said: “STX is committed to exploiting the highest quality music in all of our television, short form, digital and virtual reality programming. By joining forces with Jody and the UMPG team, we’re able to amplify our assets and achieve previously untapped revenue streams and marketing opportunities worldwide. Jody is an industry titan in the publishing ecosphere, and I am thrilled to expand our association with her and UMPG.”
Tom McGrath, chief operating officer of STX Entertainment, added: “Music remains an incredibly important aspect of our business, and this new strategic partnership with UMPG represents a significant step in strengthening STX Entertainment’s distribution and marketing capabilities across platforms.”
And Evan Lamberg, UMPG president, North America, commented: “STX Entertainment has, in a very short time, become a positive and successful force in the film and entertainment industry. Universal Music Publishing Group has been in business with them from very early days and we are more than thrilled to continue and expand our global music reach with them.”