Photo Credit: Slipstream (Dan Demole & Jesse Korwin)
Slipstream has announced the acquisition of Anthem Entertainment’s production music businesses, specifically US-based Jingle Punks and 5 Alarm Music, as well as the UK-based Cavendish Music. The acquisition comprises more than 650,000 tracks, together with music production capabilities.
The acquisition positions Slipstream as the largest global independent music licensing platform and was facilitated by the financing and expertise of Pollen Street Capital. Moelis & Company acted as exclusive financial advisor to Anthem Anthem Entertainment on the transaction.
Dan Demole, Co-Founder of Jingle Punks and former President of Anthem Production Music Group, and Jesse Korwin, former Managing Director of Jingle Punks, founded Slipstream in 2021. Now with the acquisition, the pair are reclaiming their previous business, marking a full circle moment for both executives.
The purchase also underscores Slipstream’s ambitious vision to redefine music licensing across TV, film, advertising, gaming, social media, and brands. Slipstream takes control of production music agency Jingle Punks; 5 Alarm Music, the largest independent production music library for film, television, radio, and commercials in North America; and Cavendish Music, the UK’s oldest and largest independent production music publisher.
Slipstream will continue to provide creator-safe music for digital content makers, as well as expanding their offering for traditional film, TV, and advertising clients. The platform now caters to content producers and creators of all sizes across the entire media landscape, from social content creators and small businesses to global brands and enterprises.
“This acquisition is a homecoming for us,” Dan Demole, CEO of Slipstream told Digital Music News. “Jessie and I built both Jingle Punks and Slipstream on the foundation of making great music accessible to every type of creator. We now have an unprecedented opportunity to build on the success of both brands while leading the next wave of innovation in music licensing. With this vast catalog and our tech-enabled platform, we’re not only the largest independent player in the space, but also the most innovative.”
“Our focus is to blend creativity with technology, making it easier for TV networks and producers, brands, filmmakers, and creators of all sizes to find and license the perfect soundtrack for their content,” adds Jesse Korwin, Chief Revenue Officer of Slipstream. “We’re excited to leverage our experience in production music and our deep understanding of client needs to deliver something truly groundbreaking for the industry.”
Anthem Entertainment will make an investment in Slipstream as part of this transaction. “Anthem’s focus since my appointment in January 2023 has been on building its core music publishing and recorded music divisions, while considering the best path forward for our production music businesses,” says Jason Klein, Anthem Entertainment CEO.
“This sale to Slipstream has placed Jingle Punks, 5 Alarm Music, and Cavendish Music back in the familiar and capable hands of proven leaders in the production music and technology space. Dan and Jesse already know these businesses and have a unique vision for their future as part of Slipstream. Our belief in them as leaders and their vision is the reason we have also chosen to invest in Slipstream going forward.”
