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How Cutting Edge’s Billion-Dollar Venture With Warner Bros. Discovery Will Work
Cutting Edge CEO Philip Moross explains a new JV with Warner Bros. Discovery to promote economic value and the creative integrity of composers' work.
Discovery and Cutting Edge Group announced they were teaming up to launch a joint venture to generate more money from one of the original Hollywood studios’ catalog of 400,000 movie and television songs. The blockbuster deal — reportedly worth $1 billion — includes the Harry Potter and Lord of the Rings franchises, Friends, Game of Thrones, and Succession, to name a few. This novel arrangment was inspired by WBD’s need to get more out of its most valuable assets as the rise of streaming shakes the fundamental economics underlying modern media businesses.
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