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.”