DreamWorks is completely out of the music business, as Dimensional Music Publishing, a New York-based private equity arm of JDS Capital Management, has acquired the assets of DreamWorks Music Publishing.
DreamWorks’ 7,000-song catalog features works such as “Disco Inferno,” “Monster Mash,” “Day-O,” “Take the A Train,” “The Thong Song,” “Hanging by a Moment,” “Amazed” and John Denver songs “Take Me Home Country Roads,” “Rocky Mountain High,” and “Leaving on a Jet Plane.”
It includes songs by DreamWorks acts Jimmy Eat World, Lifehouse, Alien Ant Farm and Papa Roach. Music created for motion pictures and television programs produced by DreamWorks’ affiliated companies was not part of the sale.
DreamWorks sold its recorded music division for about $100 million to Universal Music one year ago.
JDS Capital has been made several music industry acquisitions over the past 15 months, acquiring indie music suppliers the Orchard and eMusic and the live music aggregator Digital Club Network, now dubbed eMusicLive.
“This transaction is consistent with our strategy of acquiring and operating quality assets in the media space, where our management team is focused on creating value by leveraging its shared expertise across the firm’s portfolio companies,” said JDS Capital Management CEO Joe Samberg.