SESAC Acquires Rumblefish
July 31, 2014 at 12:44 PM (PT)
Performing rights organization SESAC has acquired RUMBLEFISH, INC. for an undisclosed sum. RUMBLEFISH will operate as an independent subsidiary of SESAC with founder PAUL ANTHONY TROIANO continuing to serve as Pres./CEO.
RUMBLEFISH powers music offerings for leading platforms including YOUTUBE, VIMEO and SHUTTERSTOCK and issues over 50,000 micro-licenses daily across a licensed portfolio of over 5 million copyrights
“SESAC’s objective is to offer an expanded, more efficient licensing and administration model and our acquisition and investment in RUMBLEFISH is a bold step in that direction” SESAC Chairman/CEO JOHN JOSEPHSON said. “The RUMBLEFISH management team, leadership position in the music micro-licensing space, and comprehensive music data and rights platform accelerate SESAC’s diversification plans considerably. SESAC is proud to join forces with RUMBLEFISH to bring the highest level of service to music creators and music users.”
“Having SESAC and their parent, RIZVI TRAVERSE, behind us is a game changer," TROIANO said. "We can now accelerate our plans to reach more music providers to grow our catalog, partner with even larger clients for additional licensing opportunities, and ultimately pay artists more money so that they can continue to make more music. We’re honored to become part of the SESAC family, helping realize the vision of a simplified world for music licensing and rights: full-service, multi-right, and multi-territory.”