STX Sets Music Rights Deal with Universal Music Publishing

STX Entertainment logo
Image courtesy of STX Entertainment

Universal Music Publishing Group has signed an exclusive worldwide agreement with year-old STX Entertainment.

The deal calls for UMPG to administer and represent the studio’s future soundtracks, scores and catalogue of related music publishing rights across all media. Terms of the deal were not disclosed.

STX, launched early last year by Robert Simonds, plans to produce, market and release 12-15 major motion pictures a year. The studio is opening “Secret in Their Eyes,” starring Chiwetel Ejiofor, Nicole Kidman and Julia Roberts, on Friday at more than 2,000 U.S. locations.

Upcoming titles include the horror film “The Boy,” starring Lauren Cohan (“The Walking Dead”); and “The Free State of Jones,” starring Matthew McConaughey, Gugu Mbatha-Raw, Keri Russell and Mahershala Ali.

“STX Entertainment is an exciting new studio and media company with a fantastic production slate and we have great respect for the entire management team,” said UMPG Chairman Jody Gerson. “I’m very pleased to be a part of this opportunity to work with STX from the ground floor and look forward to a long and creative partnership.”

STX President Sophie Watts said in a statement, “As we have been building our studio, we have aligned ourselves with the best and most respected market leaders in the industry. Universal Music Publishing Group is a pivotal pillar as we add music to our portfolio of ancillary content and distribution partnerships.”

STX’s first release was “The Gift,” which has grossed nearly $44 million. It’s in production on “The Space Between Us” starring Gary Oldman, Asa Butterfield, Carla Gugino and Britt Robertson; and “Besties,” starring Hailee Steinfeld, Woody Harrelson and Kyra Sedgwick.

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