AIR-EDEL PARTS FROM CUTTING EDGE IN MANAGEMENT BUYOUT
(January 15, 2015; Los Angeles, Calif.)— Cutting Edge Group (CEG) today announced that subsidiary Air-Edel Associates Ltd has completed negotiations to part from CEG via a management buyout.
CEG, the leading international film music financier and services provider, bought Air-Edel, one of the world’s foremost composer and music supervision companies, in 2007. Longstanding Air-Edel managing director Maggie Rodford, backed by an investor group led by Robert Cope, will now return the company to its independent roots as it was when it was founded by Sir George Martin and Herman Edel. Terms of the deal were not disclosed.
Air-Edel was founded in 1969 with an initial focus on managing and representing composers writing music for commercials. In the early 1980s, the company expanded its operations to film and TV, and then into games and theatre. The company bought their own recording studios in 1991, and today represents many award-winning composers on a worldwide basis as well as managing a strong publishing catalogue.
CEG’s CEO Philip Moross said, “This deal is a friendly divestment, one that’s great for both parties. Air-Edel is now in the hands of Maggie Rodford, as it should be. We look forward to working with her great company in the future.”
Air-Edel’s Rodford added, “I am very proud to be leading an independent Air-Edel in this new chapter of our forty-five year history. It is a great honor for myself and our talented staff in London and Los Angeles to represent world-class composers and artists, and to be given the opportunity to ensure that our company can go from strength to strength.”
Air-Edel has offices in London and Los Angeles.
ABOUT CUTTING EDGE GROUP
Cutting Edge Group (CEG) is a leading international music financier and services provider for film, television, and advertising, working directly with film and TV studios, independent producers, and global brands. CEG has provided its investment capital and music services to over 400 feature films, including “The King’s Speech,” which won the Best Picture Academy Award for 2010, Brad Pitts’ “Fury,” “John Wick,” “Drive,” and the five-time BAFTA nominee and Golden Globe winner (Best Supporting Actor), “Whiplash.” CEG’s group of companies include Varese Sarabande Records, the preeminent film and TV music soundtrack label; and CORD Worldwide, a music planning and buying business for global brands such as Apple, Shell, Nestle, and Unilever and ad agencies J. Walter Thompson and McCann.
ABOUT AIR-EDEL GROUP
Air-Edel, founded by Sir George Martin and Herman Edel in 1969, is Europe’s leading music production company representing composers, songwriters, film and music editors. Air-Edel also provides music supervision services and has an in-house publishing company. Air-Edel has offices in Los Angeles and London, and the London office also incorporates Air-Edel Recording Studios. The company represents many world famous composers whose recent credits include films “The Boxtrolls” (Dario Marianelli), “Cinderella” (Patrick Doyle), “Paper Planes” (Nigel Westlake), and “Enemy” (Danny Bensi & Saunder Jurriaans). Projects engineered or mixed at Air-Edel Recording Studios include “Mr Turner” and “Jack Ryan.” Recent music supervision credits include “Belle”, “Paddington” and “What We Did On Our Holiday.”
Maggie Rodford served as a PRS Director for many years and was an active member of the PRS Executive Board. She was a member of the BAFTA Film Committee for six years and is currently Chairman of the BAFTA Archive, Heritage and Exhibition Committee. In 2012, Maggie was awarded the prestigious APRS Sound Fellowship.
For Cutting Edge Group:
Ross Johnson, firstname.lastname@example.org (310)854-4780,
For Air-Edel:Maggie Rodford, email@example.com +44 207 486 6466