Primco Inks a Deal to Release an Exclusive Music Catalog of over 2,000 Songs by Legendary Artists
LOS ANGELES--(BUSINESS WIRE)-- Primco Management Inc. (OTCQB: PMCM), a fully integrated multimedia entertainment and real estate development company, is pleased to announce that its ESMG/Top Sail Productions' music divisions have closed an exclusive US distribution deal to release an extraordinary catalog of over 2,000 titles, including hit songs performed by such iconic artists as Rick James, The Gap Band, The Chi-Lites, The Emotions, The Impressions, Patsy Cline, Jimmy Cliff, and many more. These re-digitalized recordings, with previously unreleased material, will be released later this year through WEA (a Warner Music Group Company.) The music library is being licensed for an initial term of 10 years to ESMG/Top Sail Productions on a joint venture basis with music labels controlled by Joe Isgro, including Lark Records; Private Eye Records and Raging Bull Records.
Top Sail Productions' founder and ESMG Senior Executive Consultant, Chuck Gullo, will be spearheading the exploitation of this exciting music catalog with WEA.
"We are extremely proud that music giant Joe Isgro has entrusted us with the distribution of his catalog of precious and very valuable titles performed by world renowned and legendary artists. Joe has collected the ownership of these music masters over the years and has now given us the opportunity to distribute them in all forms of media in North America on a joint venture basis," said David Michery, CEO of Primco Management Inc. "This deal builds on the relationship already established with Joe's Phoenix 51 for the promotion of our current front line artists. Music libraries provide an inherent, recurring revenue stream if managed correctly, and we believe that we have the experienced management team to maximize and excel in the distribution of this music catalog. Conservatively, we believe that it will generate annual revenues in excess of $1 million, with only a modest investment in distribution."
"I'm very excited to have my music catalog represented by ESMG/Top Sail Productions," said Joe Isgro. "The team of industry veterans at ESMG/Top Sail are outstanding in their field. Over the years I have had the great fortune to be involved in the careers of many major artists, and this catalog represents a large part of my career."
Joe Isgro formed his own independent record promotion and consulting firm after a long career with Decca Records, Paramount Music, A&M Records and many others who depended on him and his companies for the continued promotion and marketing of their musical releases. These albums include a Who's Who list of music greats such as The Rolling Stones, Michael Jackson, Barbra Streisand, David Bowie, Madonna, U2, Whitney Houston, Bruce Springsteen, Journey, Hall & Oates, Kenny Rogers, Chicago, Patti LaBelle, Phil Collins, Rod Stewart, Janet Jackson and Paula Abdul. Mr. Isgro continues to nurture the industry's newest crossover talent through his Phoenix 51 company.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc. and Top Sail Productions LLC , the Company operates as an integrated entertainment company with divisions in music and film production and distribution, and is launching additional divisions in television, radio and online sports. The Company also operates in various aspects of the real estate industry. Through its highly skilled and industry experienced management team, the Company provides leading edge/dynamic services and digital content to worldwide audiences. ESMG Inc. leverages its highly motivated and industry experienced management strengths and capabilities with focused operating divisions to reach and satisfy the marketplace of targeted consumers searching for a breakthrough in new and exciting talent and content. (For additional information, visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Primco Management/ESMG, Inc. & Top Sail Productions.
Alan Bailey, 310-407-5452
KEYWORDS: United States North America California
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