LicenseMusic.com, the San Francisco-based online music licensing service which closed earlier this year, is set to be re-launched following the purchase of its assets under Chapter 7 by music rights aggregators Charly Acquisitions Limited.
LicenseMusic.com provided over 50,000 downloadable, pre-cleared music tracks to some 4,000 professional users in the motion picture, television, advertising, interactive and audio-visual industries worldwide, with content supplied by more than 200 associated record labels, music publishers and production music libraries.
Since the early 70's, Charly has built a major proprietary catalogue that includes the output of many foremost independent record labels, producers and major recording artists in all music genres.
Planned to launch in October 2002, LicenseMusic.com, in addition to instantly licensable repertoire will offer over 100,000 original major artist masters and over 10,000 hit recordings from the Charly catalogue for on-line licensing, expanding the customer base to include record company users.
"Charly Acquisitions have an enormous content resource and unrivaled experience in the licensing sector," said Gerd Leonhard, founder of LicenseMusic, "and are ideally positioned to fulfill the potential of the LicenseMusic vision."
Simon Lait, director, Charly Acquisitions, added, "The LicenseMusic system is unique in its functionality and usability. The integration of major artist catalogue and current repertoire with pre-cleared content offers an opportunity to develop new standards of service and one stop content availability that will reconfigure the music licensing sector."