Imagine Entertainment and Warner Music Group have cut a deal to co-produce and co-finance a slate of music-themed projects for a range of film, TV and digital outlets. The deal is an outgrowth of t…
Warner Music Group, controlled by investor Len Blavatnik and run by CEO Steven Cooper, went public last month at $25 a share. On Thursday, WMG shares closed at $29.35. Cooper said Warner Music Entertainment chief Charlie Cohen would collaborate with the Imagine team on shepherding projects.
“We’re excited to be partnering with Ron, Brian, and the stellar team at Imagine to bring to screens the captivating stories of our artists, our songwriters, and our labels,” said Cooper. “With a global roster of superstar talent and a rich musical history in our archives, we have great opportunities to marry music, narrative, and image through biopics, documentaries, and other visual platforms.”
Imagine said the deal with give the company “unprecedented access to a vast library of music and history across all of WMG’s record labels and its publishing arm.” The company said it would look across “genres and decades” for ripe projects in the Warner Music archives. The conglomerate is home to the legendary recorded music vaults of Atlantic, Asylum, Elektra, Reprise and Warner Bros. Records, among other notable imprints. Its Warner Chappell Music publishing arm controls more than 1.
Cohen came to WMG after a 25-year career at MGM where he rose to chief operating officer of the studio’s motion picture group. Since joining WMG he has developed “Genius: Aretha,” the recent Epix documentary “Laurel Canyon” and the HBO film adaptation of David Byrne’s Broadway show “American Utopia,” to be directed by Spike Lee.
“Genius: Aretha” features Tony winner Cynthia Erivo as the pathbreaking Franklin, the Detroit-born singer and composer who became a superstar in the 1960s and known as the Queen of Soul. The third installment of Imagine’s “Genius” scripted series franchise for Nat Geo is scheduled to begin its eight-episode run in November, although production on the series in Atlanta was halted in March amid the coronavirus lockdown.
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