The Weinstein Company (TWC) and Cherry Lane Music PublishingCompany have signed a multi-year administration agreement covering all musicand soundtracks from films released by TWC.
Under the terms of the agreement, Cherry Lane will represent andexploit all music and soundtracks owned by TWC while securing performancerights fees from various music publishers worldwide.
'We are thrilled to be in business with Cherry Lane,'TWC general counsel Peter Hurwitz and vice president of motion picture musicRachel Levy said. 'What makes them stand out is their ability to go beyondbasic administration of a catalogue. We are two very like-minded companies thatwill mutually benefit from working together.'
'This is a very important relationship for us,' CherryLane's executive vice president of business development Mike Connelly said.'The Weinstein Company and Cherry Lane are companies that share a passionfor innovation, creativity and excellence. Both understand the importance ofoperating as independents within their respective industries and the benefitsthat result from that independence.'
Hurwitz, Levy and attorney Stuart Prager from Grubman Indursky& Shire negotiated the deal on behalf of TWC with Cherry Lane's vicepresident of business and legal affairs Keith Hauprich.