eOne Music changed its name to MNRK Music Group, effective immediately.
The name MNRK (pronounced Monarch) follows Hasbro’s sale of its eOne music division to entities controlled by Blackstone for US $ 385 million earlier this year.
The deal adds to a portfolio of music companies under Blackstone that also includes the SESAC music rights organization.
Assets held by eOne Music include catalog Death Row Records and Dualtone Music Group, in addition to music production house Audio Network, which eOne acquired for approximately $ 215 million in April 2019.
MNRK Music Group will now operate as a self-sustaining, consolidated music company focused on recordings, editing and artist management.
Chris Taylor will continue to lead MNRK Music Group as President and CEO.
Taylor has led the group since 2016 and has expanded the company’s burgeoning artist and music publishing business.
Additionally, MNRK Music Group will continue to work closely with eOne’s television and film divisions, with several projects to be released in 2021, including the soundtracks for the movie “My Little Pony” and the eOne / Netflix movie “The Starling “, and music from British Preschool Animated TV Series Peppa Pig.
The company will also continue to provide music oversight for many upcoming film and television projects.
“Our migration as a preferred destination for musical talent is taking a giant leap forward today with a new name and new owners who are incredibly well-resourced and as excited as we are about the opportunity.”
Chris Taylor, MNRK
MNRK Music Group’s roster includes The Lumineers, Brandy, The Game, Blueface, Juicy J, Pop Evil, Shovels and Rope and Jonathan McReynolds; management clients Kaytranada, Lupita Infante, Powfu, Boston Bun, Lights, Arkells; and publish songs recorded by Mariah Carey, Celine Dionne, Cardi B and others.
MNRK Music Group has offices around the world, including New York, Los Angeles, Toronto, Nashville, Miami, London, Hamburg and Melbourne.
MNRK Music Group celebrates the 20th anniversary of Dualtone Music Group, the 30th anniversary of Death Row Records.
Taylor said, “Our migration as a premier destination for musical talent is taking a giant leap forward today with a new name and new owners who are incredibly well-resourced and as excited about the opportunity as we are. We are ready to fly!
MBW has long predicted that Hasbro would eventually dump eOne Music, after Hasbro acquired the operation as part of a $ 4 billion takeover of Entertainment One in August 2019.
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