BERKELEY, CA (CelebrityAccess) — peermusic, Premier Muzik, All Right Music and Global Master Rights announced they are teaming up to launch a new neighbouring rights joint venture.
The deal, spearheaded by peermusic Deputy CEO Mary Megan Peer, will combine the staff and services of all four companies, creating one of the largest neighbouring rights companies in the world.
peermusic, which did not have an in-house neighbouring rights team prior to the deal, said it plans to retain the staff of the existing companies and bolster it with additional staff from in technology, finance and legal.
All three acquired firms will continue to operate under their current names while identifying as peermusic companies.
When joined, the companies will represent a client roster that includes more than 2500+ performers, including Rihanna, Billie Eilish, Imagine Dragons, Metallica, Lady A, Panic! At The Diwsco, as well as more than 300 record labels.
“Given the challenging market artists and songwriters currently face, I’m happy to be able to offer our clients new revenue opportunities through neighbouring rights services. Premier Muzik, All Right Music and Global Master Rights are first-class organizations and we’re very fortunate that peermusic can draw on the knowledge, experience, and leadership of Christophe, Gino, Gino, Erik and Paul,” said Mary Megan Peer.
“Neighbouring rights are something we’ve been interested in for a long time, but we wanted to be sure that when we expanded our business into that space we could offer the same high level of service and technology that peermusic is known for. This remarkable series of deals that Mary Megan put together accomplishes that, and I’m excited for the value it will bring our clients,” said Ralph Peer, II.