Warner Bros. Discovery Partners with Cutting Edge Group

Warner Bros. Discovery (WBD) has entered into a strategic partnership with the rights firm Cutting Edge Group, forming a joint venture to co-own the studio’s extensive catalog of film and TV music from its blockbuster hits.

Creative Control and Management

Under this joint venture, WBD will maintain creative and operational control over the music rights, while Cutting Edge Group will take on the role of joint manager. Although the financial details of the deal were not disclosed, both companies have described this collaboration as “one of the largest music deals ever transacted.”

A Rich Catalog of Iconic Music

The catalog encompasses a treasure trove of music from beloved franchises such as Harry Potter and Lord of the Rings, along with popular DC Comics films. It also includes iconic TV shows like Friends, Game of Thrones, The Big Bang Theory, Two and a Half Men, Succession, and The White Lotus. Other notable titles in the mix are Rebel Without a Cause, The Exorcist, A Star is Born, Blade Runner, Shawshank Redemption, The West Wing, ER, Full House, Sex and The City, and Gossip Girl.

Maximizing Distribution and Revenue

The joint venture aims to optimize the distribution and revenue potential of this impressive portfolio. DWS Group is co-investing and sponsoring the transaction alongside Cutting Edge Group.

Ongoing Administration of Music Rights

Compositions from the Warner Bros., HBO, and Turner Networks catalogs will continue to be managed by Universal Music Publishing Group, while those from the Discovery/Scripps Networks catalog will remain under the administration of Sony Music Publishing. Founded in 2006, Cutting Edge Group specializes in acquiring and managing media music rights.

A Vision for the Future

“This partnership with Cutting Edge Group is an excellent opportunity to broaden access to our unparalleled music library while honoring our long-standing commitment to strong creative oversight and preserving the integrity of the works and artists. Together with CEG, we can explore innovative ways to engage a new generation of fans,” stated Paul Broucek, President of Music at Warner Bros. Discovery.

Excitement for the Collaboration

“This truly represents an iconic collection of catalogs developed over nearly a century by one of Hollywood’s original studios. The chance to invest in and manage this joint venture alongside WBD is incredibly exciting for us. This special partnership with Warner Bros. is the result of years of hard work by our team at Cutting Edge and serves as a strong endorsement of our early conviction and expertise in this market,” remarked Philip Moross, CEO of Cutting Edge Group.

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This rephrased content maintains a professional tone while highlighting key aspects of the partnership, making it engaging for business leaders in the film and television entertainment industry.

Persons

Paul Broucek, Philip Moross

Company Names

Warner Bros. Discovery, Cutting Edge Group, DWS Group, Universal Music Publishing Group, Sony Music Publishing

Titles

Harry Potter, Lord of the Rings, DC Comics, Friends, Game of Thrones, The Big Bang Theory, Two and a Half Men, Succession, The White Lotus, Rebel Without a Cause, The Exorcist, A Star is Born, Blade Runner, Shawshank Redemption, The West Wing, ER, Full House, Sex and The City, Gossip Girl

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