Carlin Music Publishing, home to classic songs by the likes of Elvis Presley, James Brown, AC/DC and Billie Holiday, has been bought by Round Hill Music for a reported £177.8m ($240m).
The deal brings over 100,000 song copyrights to music company Round Hill, including Are You Lonesome Tonight, Fever, I Got You (I Feel Good), The Twist, What A Wonderful World, Total Eclipse of The Heart and Video Killed The Radio Star.
It will also own the rights to Christmas classics like Santa Baby, Jingle Bell Rock and Christmas (Baby Please Come Home).
Caroline Bienstock, who has run Carlin since her father – and founder – Freddy Bienstock passed away in 2009, said: ‘Although the sale of the Carlin group of companies ends my family’s involvement with the iconic songs I grew up with, I am confident that Round Hill Music is the best possible new steward of our catalogue.’
‘I firmly believe that they appreciate the special quality of our collection of music every bit as much as we do, and I look forward to seeing our writers thrive under their management. I cannot imagine a better fit, and I’m excited for the future’.
Round Hill CEO Joshua Gruss added: ‘Caroline Bienstock has a very deep understanding of this business, and has done a phenomenal job helping to create what Carlin is today.
‘I am honored she and the Bienstock family have entrusted Round Hill with their family business.
Because of our focus on super high-quality copyrights, and our ability to service them with lots of personal attention – something these amazing copyrights deserve – Carlin and Round Hill are a great fit.’