Pryor Cashman represented Shamrock Capital Advisors, LLC, a Los Angeles-based investment firm with a focus on the media, entertainment and communications sectors, in its acquisition of the music publishing catalogue of Tor Hermansen and Mikkel Eriksen, known as the songwriting and production duo, “Stargate.” Shamrock acquired the catalogue through its Entertainment IP Fund which was formed to acquire existing entertainment intellectual property rights across the broader music, film and television content sectors of the industry.

The deal, which closed on October 16, 2018, includes some of the biggest songs by top artists such as “Firework” by Katy Perry; “Diamonds,” “Rude Boy,” and “What ́s My Name” by Rihanna; “Irreplaceable” by Beyonce, as well as a vast catalogue of contemporary pop hits from the last 20 years. The transaction provides Shamrock with the rights to 10 #1 songs from the Billboard Hot 100, three Grammy Song and Record of the Year nominations and more than 50 UK top 10 hits.

Jim Janowitz, head of Pryor Cashman’s Media + Entertainment Group, along with Karen Robson, Michael Weinsier and Michael Campoli advised Shamrock on the acquisition.