Olivier Chastan’s acquisition automobile, Iconoclast, has acquired the catalog of Mad Respectable Publishing, co-founded by DJ and producer Diplo and Kevin Kusastsu.
Since its launch in 2006, Mad Respectable 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 Respectable “one of many trade’s most numerous and necessary labels and publishing firms”. The payment for the transaction has not been disclosed.
Based by Olivier Chastan, Los Angeles-based Iconoclast entered the music rights acquisition area in February 2022 through the acquisition of the rights to ‘The Band’ legend Robbie Robertson’s music publishing and identify, picture, and likeless, plus his recorded music pursuits, protecting his profession so far.
Robertson wrote and performed on a run of hits for legendary rock act, The Band, together with The Weight, The Night time 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 Respectable Publishing catalog had been composed by the likes of elite Mad Respectable 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 govt and producer Irv Gotti (Irving Lorenzo), the founding father of rap label Homicide Inc, bought a stake in his grasp recordings to Iconoclast in a deal value $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 Seaside Boys, David Crosby, and Linda Ronstadt.
The US-based French govt quietly launched Iconoclast in fall 2021, and, talking with MBW in February 2022, mentioned that the corporate had accomplished 5 separate music rights acquisitions since then.
Iconoclast’s founder added that his new acquisition automobile has a “sturdy deal with expertise”, together with immersive leisure and blockchain, and added that, “we need 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 beneath administration. Chastan refused to touch upon that suggestion whereas talking with MBW in February 2022.
“Our acquisition of the Mad Respectable Publishing catalog illustrates our dedication to preserving and rising culturally vital artwork of any period together with with artists which are shaping modern music.”
Olivier Chastan, Iconoclast
Olivier Chastan, founder & CEO of Iconoclast, mentioned: “I first turned conscious of Mad Respectable when Kevin Kusatsu and Diplo had been engaged on the primary Main Lazer album.
“The sound was fully totally different, the songwriting totally authentic and fresh-sounding, and the manufacturing uniquely artistic. That very same uncompromising artistic method resulted in some of the thrilling and authentic catalogs the place Brazilian Baile Funk and Angolan Kuduro combine with EDM and pop.”
“Our acquisition of the Mad Respectable Publishing catalog illustrates our dedication to preserving and rising culturally vital artwork of any period together with with artists which are shaping modern music.”Music Enterprise Worldwide
