Conexion Media Group Plc (“CXM”) the AIM listed music rights management company is pleased to announce the acquisition of 70% of the assets in Kid Gloves Music Group (KGM) from Kid Gloves Productions Inc., Kid Gloves Inc., and Crossroads Music LLC. The assets comprise music publishing rights, master recording rights, and third party contracts. Based in Los Angeles, all the assets of KGM have been assigned into a new company Conexion Entertainment USA LLC trading under the Conexion banner. The newly formed entity will be located in Los Angeles and will market CXM’s copyrights and services to the film and television studios. 

The consideration payable to KGM is U.S. $220,000.  In addition CXM will assume liabilities of KGM totalling U.S. $693,000. KGM’s Net Publishers’ Share (Gross Profit) was U.S $408,000 in the year to December 31st 2009.

Established in 1999, KGM is a multi-faceted music and production company with divisions specializing in music supervision, licensing and production for film, television and all relative ancillary markets. Current projects include the placement and production of over 1,000 pieces of music in various television, film and commercial projects for clients including Sony Pictures Television, Warner Bros, The Walt Disney Company, Paramount, Comcast, Universal, The Weinstein Company, CBS, NBC, ABC, HBO, Saatchi & Saatchi, and TBWA/Chiat Day.  The KGM catalogue and roster boasts an extraordinary array of composers, songwriters, artists, producers and sound editors.  As a result of its association with the Music Publishing Company of America (MPCA), KGM prides itself on having licensed the repertoire of the very best talent from unknown independents to larger names like Frank Sinatra, Bing Crosby, BT Express, Jennifer Lopez, Red Hot Chili Peppers, Bebe Winans, Bob James, Producer Marco Marinangeli (Josh Groban), Father MC and Oscar-winning sound designer Alan Howarth.

Justin Sherry CEO of CXM said ‘We are very pleased to announce the formation of a new venture in Los Angeles and to welcome Nathalie Du Bois and her team to the CXM family.  This will truly give CXM a real cornerstone in the world’s capital of film and television production”.

Nathalie Du Bois co-founder and CEO of KGM added “Kid Gloves Music Group has been working with Conexion Media Group for a number of years and we jointly recognized the value and strength of this new venture.  It is exciting to be working under the Conexion umbrella and alongside Justin Sherry a person I admire and in whom I have absolute faith”  This new partnership provides us with an unparalleled opportunity to expand our service offering for our clients on a global platform.

For further information please contact:

Conexion Media    Justin Sherry, CEO,  justin@conexion-media.com  0208 987 4150

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