One Media has made its largest IP acquisition so far.
The music rights owner has secured a deal for the entire music catalogue to date of American composer and solo piano artist Philip Wesley. The catalogue comprises 72 solo piano recordings, of which One Media has acquired both the publishing and master rights.
Wesley has more than 150 million global streams recorded in 2018, with his top ten New Age tracks racking up 68 million streams on Spotify.
Alice Dyson-Jones, MD of One Media, said: “We are delighted to have acquired both the publishing and master rights to the entire catalogue of such a distinguished musician. This acquisition is our largest IP deal and is firmly in line with our strategy of acquiring catalogues with proven popularity, longevity and growth in streaming revenue.
She added: “Contemporary classics have a steady position within the emerging streaming markets across all age genres. Wesley’s piano recordings are a fantastic addition, further broadening the range of One Media’s catalogue. His compositions continue to find success through the growth of streaming, proving particularly popular in playlists on the likes of Spotify and Pandora. However, we intend to boost that success by actively growing awareness and consumption of the catalogue to ensure Wesley’s music finds the largest audience possible.”