Global Music Rights (GMR) has announced leadership changes with the elevation of the LA-based US music rights society Chief Business Officer Jeff Toig to the position of CEO while co-Founder and CEO Randy Grimmett becomes Executive Chairman. Toig, who joined GMR in 2018 as CBO, was in charge of licensing and revenue operations. He will take over from Grimmett the day-to-day management of the company, with Grimmett remaining “deeply involved in the strategic direction” of GMR. Grimmett co-founde...

Music publishing company Kobalt has secured a new publishing partnership with India-based independent distribution and services platform Madverse Music. As per the agreement, Kobalt will provide Madverse’s community of songwriters, composers, and producers with global publishing administration, including royalty collection, enhanced metadata accuracy, and expanded sync opportunities across more than 180 territories.

Pictured (l. to r.): Madverse Music's Rohan Nesho Jain and Kobalt's Simon Moor...

Cutting Edge Group, an investor in and manager of media music rights, has acquired the music catalogue of composer John Paesano, in a deal that includes scores from franchises such as the 'Maze Runner' trilogy, 'Kingdom of the Planet of the Apes', 'Invincible', and Marvel’s 'Daredevil'. Terms of the agreement were not disclosed. “I've been incredibly fortunate to come up in this business surrounded by great composers, directors, producers, and executives," said Paesano. "I learned the craft by d...