Following its 10th consecutive win as Canadian music publisher of the year at the annual Canadian Country Music Awards in September, the Canadian-based rights management firm reports having earned three No. 1 song hits on the US Country chart in recent months.
It doesn't end there, as ole writers and producers are also credited with nine charting songs currently on the US Country chart and two in Canada, as follows:
"We Went" -- Randy Houser
"I Know Somebody" -- LOCASH
"Peter Pan" -- Kelsea Ballerini
Charting now in the US
"A Little More Summertime" -- Jason Aldean
"How I'll Always Be" -- Tim McGraw
"Outskirts of Heaven" -- Craig Campbell
"Everybody We Know Does" -- Chase Rice
"How Not To" -- Dan + Shay
"Heartbreak Song" -- Mickey Guyton
"Now That I Know Your Name" -- Jordan Rager
"Reckon" -- Adam Craig
"Jesus and Jones" -- Trace Adkins
And on the Canadian chart
"War Paint" -- Madeline Merlo
"Grace & Grit" -- Meghan Patrick
Other recent news for ole, which is now dubbing itself 'the world's fastest growing independent rights management company', includes signing a worldwide admin deal for Entertainment One (eOne) wherein eOne's publishing catalogue will be managed by the rights firm on a global scale. As well, in September, ole announced a US$500M credit facility with a consortium of banks to further its expansion.
Since launching 12 years ago, the firm has spent more than $500M acquiring song and master rights catalogues and now controls over 50,000 songs and 60,000 hours of TV/Film music across all genres, making it one of the largest independent rights management companies by revenue and one of the most profitable. According to the company's financial report, the firm has achieved a three-year compound annual growth rate (CAGR) of 55% and is on track to meet a 2016 Net Publisher’s Share target of 60M USD at 65% EBITDA.