×
You will be redirected back to your article in seconds

Shamrock Capital Acquires Stargate’s Publishing, Includes Hits by Rihanna, Beyonce, Katy Perry

Stargate — Tor Hermansen and Mikkel Eriksen, the Norwegian hitmakers behind such hits as Rihanna’s “Diamonds,” Katy Perry’s “Firework” and Beyonce’s “Irreplaceable” — have sold their catalog to the Entertainment IP Fund of Los Angeles-based investment firm Shamrock Capital, according to multiple media reports. Terms of the deal were not disclosed.

The duo is among the most successful songwriting and production teams of the past two decades, having won Grammy awards for their work with Beyonce, Rihanna, Ne-Yo and Jennifer Hudson.

“Tor and Mikkel [pictured above, left and right, respectively] are prolific songwriters and producers who have created an extraordinary body of work that will remain relevant for generations to come,” said Patrick Russo, Partner at Shamrock Capital. “It’s a privilege for us to have had the opportunity to work with them and acquire this truly unique catalogue of music. This diverse catalogue complements our existing music publishing and recorded music rights and advances our long-term strategy of building and holding a portfolio of evergreen properties.”

Hermansen of Stargate said: “This is a great time for music. When you’re starting out in your bedroom making music, you have no idea that 20 years later this can have true value. We’re excited and proud that Shamrock recognizes this value and believes in our music.”

Mikkel Eriksen added: “Jason and Patrick at Shamrock know their numbers, but they’re also music lovers. We feel confident that our life’s work is safe in their hands for years to come.”

Shamrock’s other investments include INgrooves Music Group, Omega Wireless, Screenvision Media, Silvergate Media and Wpromote.

 

More Biz

  • Korea's JTBC Signs up as Iflix

    APOS: Korea's JTBC Signs up as Iflix Investor and Content Partner

    South Korea’s JTBC Content Hub has become a strategic investor in Iflix, the South East Asia-based video streaming platform. Formed only in 2011, JTBC has rapidly become one of Korea’s most influential broadcasters, with a mix of news, creative dramas and entertainment shows. Its hit dramas include “SKY Castle,” “Misty,” and “Something in the Rain.” [...]

  • American Made

    'American Made' Plane Crash Lawsuits End in Settlement

    The producers of the Tom Cruise film “American Made” have settled all litigation surrounding a 2015 plane crash in Colombia that killed two pilots. The settlement resolves pending suits in both California and Georgia. A notice of settlement was filed in Santa Monica Superior Court on Monday. Terms of the settlement were not disclosed. The [...]

  • Adam Gross UTA

    UTA Hires Disney-ABC's Adam Gross as Director of Internal Communications

    UTA has named Adam Gross as director of internal communications within the company’s global corporate communications group. He joins UTA from Disney-ABC Television where he served as director of internal communications. Gross will lead UTA’s internal communications initiatives, partnering with human resources, finance, IT, corporate services and others to foster information-sharing, collaboration and company culture, [...]

  • Josh Sapan

    AMC CEO Josh Sapan: You Can’t Science Your Way to Great Stories

    From “Breaking Bad” to “The Walking Dead,” AMC is known for turning unlikely scripts into runaway success stories. AMC Networks president and CEO Josh Sapan told the audience of Variety’s Silicon Valleywood presented by PwC in Menlo Park, Calif., that the secret to these blockbusters is taking creative risk, and not analytics and data science. “The [...]

  • MGM logo

    MGM Television Expands Unscripted Team With Three Hires

    Metro Goldwyn Mayer has announced three additions to its unscripted television team. It is currently led by Barry Poznick, president of the division and Mark Burnett, chairman of MGM’s Worldwide Television Group (“Survivor,” “The Voice”). Justin Dudek has joined MGM as senior VP of physical production, Zena Van Ackeren has onboarded as VP of talent [...]

  • Wanda Sykes Silicon Valleywood

    Wanda Sykes on Doing Business With Netflix: 'They Moved That Comma'

    MENLO PARK, Calif. — Wanda Sykes wears a lot of hats as a comedian, writer, producer and entrepreneur, and that gives her a keen sense of the ever-growing content marketplace. She also has a very clear understanding of what she’s worth in dollars and cents, as she shared Tuesday in her Q&A at Variety’s Silicon [...]

  • Jussie Smollett

    Brothers Accused of Jussie Smollett Attack Sue His Attorneys for Defamation

    The two brothers who allegedly participated in a staged hate attack on Jussie Smollett have filed a defamation suit against Smollett’s lawyers, accusing the attorneys of smearing their reputations in a bid to salvage Smollett’s image. Olabinjo and Abimbola Osundairo filed suit in federal court in Illinois on Tuesday. The suit alleges that Smollett’s attorneys [...]

More From Our Brands

Access exclusive content