Sony ATV Continues Agressive Persuit Of Talent
November 7, 2007 at 5:35 AM (PT)
Music publishing power broker MARTY BANDIER continues to stockpile talent at SONY/ATV MUSIC PUBLISHING, this time outbidding WARNER MUSIC GROUP's WARNER CHAPPELL MUSIC PUBLISHING for the rights to the song catalog of pop producer JOHN SHANKS, reports THE NEW YORK POST.
SHANKS, whose songwriting credits include "Steve McQueen," by SHERYL CROW, "Pieces of Me," by ASHLEE SIMPSON and "Somebody Like You," by KEITH URBAN, was a free agent after his publishing pact with WARNER expired earlier this year. Financial terms were not disclosed.
SONY/ATV is looking for the relationship to create new opportunities to join in SHANKS' album successes, which have sold over 50 million copes worldwide. Shanks, who has been behind hit records like KELLY CLARKSON's "Breakaway" and BON JOVI's "Have A Nice Day," often pens songs for the albums he produces.
Bandier said that deals with star producer/songwriters are attractive because they often yield a more steady output of material than singer/songwriter deals. "When you sign an artist, you have to wait for the next record to come. But when you sign a producer [who also writes songs], it is one project after another," he said.
BANDIER, a former EMI MUSIC PUBLISHING executive, has been busy collecting songwriters and publishing catalogs since joining SONY/ATV as Chairman/CEO of the SONY CORP.-owned music publishing operation earlier this year.