LONG ISLAND CITY, NY (VIP-NEWS) — Nettwerk Music Group has acquired the publishing catalogue formed by Roadrunner founder Cees Wessels, Robot Of the Century Music.
The catalogue includes songs by Jesse Leach of Killswitch Engage, Trivium, Young the Giant and Black Stone Cherry.
According to Billboard the acquisition price is estimated to be in the range of $3.5 million and $4.5 million.
Nettwerk President/COO Simon Mortimer-Lamb said: “We are very excited to welcome the Robot of the Century roster of artists and songwriters to Nettwerk. They have established themselves as some of the best in their genre and have achieved a global reach. We look forward to utilising our teams throughout the world to ensure their continued growth and success.”
Douglas Keogh, President of Robot of the Century, added: "The artists of Robot of the Century, carrying the legacy of Roadrunner Records, have a new home with Nettwerk that shares the same foundation for success: hands-on ownership, self-determination, teamwork and vision. As Nettwerk further establishes its global strategy and embraces growth in their roster and repertoire, these artists will enjoy a new team with the same core values that helped launch their careers. Onward and upward!"
Nettwerk has seen growth across its label, management and publishing divisions over the past 12 months, with the addition of a Nashville office, a joint venture with Los Angeles-based 1916 Management and most recently, the 50% acquisition and publishing joint venture with Ten Ten Music Group.
The current Nettwerk roster includes artists such as Passenger, Family of the Year, fun., Guster, Wanting, Sinead O’Connor, Perfume Genius, Stereophonics, Olafur Arnalds and Chromeo, as well as songwriters like Neil Mason, Jesse Jo Dillon and Andy Hill.
According to MusicWeek