April 21, 2009

Rogers & Hammerstein catalog sold

The Dutch organization Imagem Music Group says it is acquiring the rights to the songs and musicals of Rodgers and Hammerstein.

Imagem describes itself as the music publishing investment fund of ABP, the Netherlands-based world's third largest pension fund, and CP Masters BV, one of Europe's leading independent music publishers.

The pact Imagem announced Tuesday that it signed also includes the rights to all works owned by The Rodgers & Hammerstein Organization, such as the popular stage and film musicals, Oklahoma!, Carousel, South Pacific, The King and I and The Sound of Music.

The musicals contain standards from the classic American songbook, such as Oh, What a Beautiful Mornin,' My Favorite Things and You'll Never Walk Alone.

RHO, as a licensing agency, represents more than 12,000 songs, 900 concert works, 200 writers and 100 musicals, including Irving Berlin's White Christmas and Annie Get Your Gun, and Rodgers & Hart's Pal Joey and The Lady is a Tramp.

Our purchase of The Rodgers & Hammerstein Organization is a once in a lifetime opportunity to acquire the publishing and theatrical rights of some of the most beloved shows and songs ever written, Imagem CEO Andre de Raaff said in a statement.

Speaking on behalf of the Hammerstein family, Alice Hammerstein Mathias added: The collaboration between my father (Oscar) and Richard Rodgers was extraordinary. That they kept everything together, including the management of their copyrights, is a testament to their shared vision, and now that vision will be continued in this promising new venture.

Terms of the transaction were not disclosed.