Deadmau5 Sells Song and Label Catalog for $55 Million to Create Music Group

variety.com:

Jem Aswad Executive Editor, Music Electronic music artist and entrepreneur Deadmau5 has sold his song catalog and that of his Mau5trap label to Create Music Group in a deal valued at more than $55 million, the company announced on Wednesday.

The deal, which involves the sound recordings and copyrights of more than 4,000 songs, also encompasses the formation of a joint venture to release future recordings by Deadmau5 and from Mau5trap.

As part of the partnership, CMG will implement a “robust multi-platform strategy,” according to the announcement, including remastering and re-releasing key catalog pieces, launching exclusive new content, and “leveraging innovative marketing tactics to introduce the mau5trap legacy to new generations of fans.” The collaboration will also explore licensing opportunities, brand partnerships, and a continued focus on emerging media such as gaming, VR and live streaming to drive additional revenue streams for the catalog.

The veteran musician — aka Joel Zimmerman — began releasing music in 2005 and has been a major draw on the electronic music circuit for decades.