Slipstream, the main music licensing platform, has introduced the acquisition of Anthem Leisure’s manufacturing music companies, particularly US-based Jingle Punks and 5 Alarm Music, and UK-based Cavendish Music. The acquisition includes of greater than 650,000 tracks, along with music manufacturing capabilities and now positions Slipstream as the biggest international impartial music licensing platform.
The acquisition, facilitated by the financing and experience of Pollen Avenue Capital, has unlocked Slipstream’s potential to emerge because the market chief. Moelis & Firm acted as unique monetary advisor to Anthem Leisure on the transaction.
Dan Demole, co-founder of Jingle Punks and former President of Anthem Manufacturing Music Group, and Jesse Korwin, former Managing Director of Jingle Punks, based Slipstream in 2021. Now, with this new acquisition, they’re reclaiming their earlier companies, marking a full-circle second for each. This buy additionally underscores Slipstream’s bold imaginative and prescient to redefine music licensing throughout TV, movie, promoting, gaming, social media, and types.
Slipstream takes management of three famend manufacturing music manufacturers: promotion music company Jingle Punks, 5 Alarm Music, the biggest impartial manufacturing music library for movie, tv radio, and commercials in North America, and Cavendish Music, the UK’s oldest and largest impartial manufacturing music writer, celebrated for its high-quality compositions and in depth catalog used throughout international media platforms.
Slipstream will proceed to offer creator-safe music for digital content material makers, in addition to increasing their providing for conventional movie, TV and promoting shoppers. Their platform now caters to content material producers and creators of all sizes throughout all the media panorama, from social content material creators and small companies to international manufacturers and enterprises.
Dan Demole, CEO of Slipstream, mentioned: “This acquisition is a homecoming for us. Jesse and I constructed each Jingle Punks and Slipstream on the muse of constructing nice music accessible to each sort of creator. We now have an unprecedented alternative to construct on the success of each manufacturers whereas main the following wave of innovation in music licensing. With this huge catalog on our tech-enabled platform, we’re not solely the biggest impartial participant within the area, but additionally essentially the most revolutionary.”
Jesse Korwin, Chief Income Officer of Slipstream, provides: “Our focus is to mix creativity with expertise, making it simpler for TV networks and producers, manufacturers, filmmakers, and creators of all sizes discover and license the right soundtrack for his or her content material. We’re excited to leverage our expertise in manufacturing music and our deep understanding of shopper must ship one thing actually groundbreaking for the business.”
Anthem Leisure has positioned Jungle Punks, 5 Alarm, and Cavendish Music again within the acquainted and succesful fingers of confirmed leaders within the manufacturing music and expertise area. Dan and Jesse already know these companies have a singular imaginative and prescient for his or her future as a part of Slipstream. Our perception in them as leaders and their distinctive imaginative and prescient is the explanation we’ve got additionally chosen to spend money on Slipstream going ahead.”
Michael Katramandos, Associate at Pollen Avenue, provides: “We’re very excited to be partnering with the Slipstream workforce and supporting them in a transformational acquisition that may create one of many market leaders in manufacturing music. Combining an enormous music library, recent tech and Dan and Jesse’s deep business experience, makes this a really thrilling enterprise to be a part of and one that would contribute materially in reshaping an business that’s evolving at a fast tempo.”
