Original article by Dave McNary Published: 7 November 2016 on Variety.com
Cutting Edge Group and Lakeshore Entertainment have closed terms on a strategic music venture in which Cutting Edge will administer and monetize Lakeshore’s music library of over 50 titles, Variety has learned exclusively.
The news was announced Monday at the American Film Market. Lakeshore has produced movies for the past two decades, including “Million Dollar Baby,” “The Age of Adaline,” “American Pastoral” and “The Boy.”
“Lakeshore are one of the leading film producers in the world” said Philip Moross, Cutting Edge CEO. “They are consistently producing high quality commercial films and we are thrilled to set up this new venture with them.”
The deal will see Cutting Edge exploit the music rights from Lakeshore’s library of titles.
Cutting Edge, based in London and Los Angeles, has a music library of over 400 films, TV shows and invests into 30-40 single films a year. Recent titles include “Hacksaw Ridge,” “Sicario,” “Everest” and “Whiplash.” The company has recently embarked on a library acquisition strategy and is aggressively pursuing a number of deals with leading independents and mini majors.
“This is seemed like a natural fit,” said Eric Reid of Lakeshore, “The Cutting Edge team are experts at monetizing music rights and we look forward to their success with this catalogue.”
Deal was brokered by UTA Independent Film Group and Lakeshore’s Eric Reid and Marc Reid with Tara Moross and Phil Hope on Behalf of Cutting Edge.