Olivier Chastan’s acquisition automobile, Iconoclast, has acquired the catalog of Mad First rate Publishing, co-founded by DJ and producer Diplo and Kevin Kusastsu.
Since its launch in 2006, Mad First rate Publishing has delivered hits akin to Baauer’s viral sensation Harlem Shake and Main Lazer’s Lean On, which was at one time Spotify’s most streamed track of all time.
Los Angeles-based Iconoclast calls Mad First rate Publishing “one of many business’s most numerous and vital labels and publishing corporations”. The payment for the transaction has not been disclosed.
Based by Olivier Chastan, Los Angeles-based Iconoclast entered the music rights acquisition space in February 2022 by way of the acquisition of the rights to ‘The Band’ legend Robbie Robertson’s music publishing and identify, picture, and likeless, plus his recorded music pursuits, overlaying his profession thus far.
Robertson wrote and performed on a run of hits for legendary rock act, The Band, together with The Weight, The Evening They Drove Previous Dixie Down and Up On Cripple Creek.
Throughout the course of final 12 months, sources within the M&An area inform MBW, Iconoclast additionally made a number of music rights/pursuits acquisitions, spending over USD $300 million in complete.
Songs included within the Mad First rate Publishing catalog had been composed by the likes of elite Mad First rate Publishing songwriters Henry Agincourt Allen (pka King Henry), Philip Meckseper (pka JR. Blender), Karen Orsted (pka MØ), Valentino Kahn, Clement & Maxime Picard, and Dillon Francis, together with hits akin to Main Lazer’s Lean On (ft. MØ and DJ Snake).
Different hits embody Chilly Water (ft. Justin Bieber and MØ), and Know No Higher (ft. Travis Scott, Camila Cabello, and Quavo), plus Panic! At The Disco’s hit Hey Look Ma, I Made It, Mark Ronson’s Nothing Breaks Like A Coronary heart (ft. Miley Cyrus), Sia’s Elastic Coronary heart and Thunderclouds, and Kehlani’s Gangsta.
In July 2022, veteran music government and producer Irv Gotti (Irving Lorenzo), the founding father of rap label Homicide Inc, sold a stake in his grasp recordings to Iconoclast in a deal price $300 million.
Olivier Chastan was beforehand CEO at Irving Azoff’s Iconic Artists Group, which final 12 months acquired catalogs from the likes of the Seashore Boys, David Crosby, and Linda Ronstadt.
The US-based French government quietly launched Iconoclast final fall, and, speaking with MBW in February, stated that the corporate had accomplished 5 separate music rights acquisitions since then.
Iconoclast’s founder added that his new acquisition automobile has a “sturdy give attention to expertise”, together with immersive leisure and blockchain, and added that, “we wish to drive the conversion to make legacy artists related in the way forward for leisure”.
MBW’s sources inform us that Iconoclast is being backed by Pimco, which has over $2 trillion in property below administration. Chastan refused to touch upon that suggestion whereas talking with MBW in February 2022.
“Our acquisition of the Mad First rate Publishing catalog illustrates our dedication to preserving and rising culturally vital artwork of any period together with with artists which can be shaping up to date music.”
Olivier Chastan, Iconoclast
Olivier Chastan, founder & CEO of Iconoclast, stated: “I first turned conscious of Mad First rate when Kevin Kusatsu and Diplo had been engaged on the primary Main Lazer album.
“The sound was utterly completely different, the songwriting totally unique and fresh-sounding, and the manufacturing uniquely inventive. That very same uncompromising inventive method resulted in one of the thrilling and unique catalogs the place Brazilian Baile Funk and Angolan Kuduro combine with EDM and pop.”
“Our acquisition of the Mad First rate Publishing catalog illustrates our dedication to preserving and rising culturally vital artwork of any period together with with artists which can be shaping up to date music.”Music Enterprise Worldwide
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