Via LATimes:
Warner/Chappell, the music publishing arm of Warner Music Group, has acquired the copyrights of film scores from hundreds of Miramax movies, including “Good Will Hunting,” ”The Cider House Rules,” ”Gangs of New York” and “Finding Neverland.”
Terms of the deal, announced Tuesday morning, were not disclosed.
The acquisition includes the publishing rights as well as the master recordings of scores in Miramax’s entire catalog of more than 700 films.
“The digital age continues to create new ways for music to be licensed, whether it’s on YouTube, games or TV shows,” Cameron Strang, chairman of Warner/Chappell, said in an interview. “We see a growing demand for digital content, and music plays a big part in that.”
If a lot is good then more must be better. Warner/Chappell is already a juggernaut in music publishing and this just serves to further that position.