ole, one of the world’s leading independent music publishing and rights management companies, hosted a private event on Thursday, October 27 titled “Mission:Possible” to celebrate the company’s recent head office move to the top of 120 Bremner Tower, an ultra-modern 26,000 sq. ft. space in Toronto’s vibrant tech and media district. The event also celebrated ole’s twelve consecutive years of growth and success in the music publishing and rights management industry.
The Bremner Tower, is a major mixed-use, sustainable LEED-certified development in Toronto’s emerging Southcore District. Here, ole joins Amazon, Apple, BCE, Cisco and other cutting-edge companies in the city’s newest skyscraper.
The move marks a major milestone for ole, which recently secured a $500 million (USD) credit facility and, has to date completed more than $550 million in IP acquisitions. The company controls over 55,000 songs and 60,000 hours of TV/Film music across all genres. One of the most profitable rights management companies, ole has achieved a three-year compound annual growth rate (CAGR) of 55 percent while maintaining industry-leading margins. The company is on track to meet a 2016 Net Publisher’s Share target of over $60 million.
“For 12 years, ole has been engaged in the art of the possible and the creation of success. This new, state-of-the-art facility will enable our business and even greater collaboration across verticals in the company,” said Robert Ott, chairman and CEO of ole. “Our ability to physically see the curvature of the Earth from this high vantage point is paralleled by a newfound business perspective built on years of innovation and growth. I am confident in ole’s vision for the future and ability to capitalize on the scale we’ve achieved.”