Production music licensing platform Slipstream has acquired Los Angeles-based music library Megatrax, which represents over 200,000 tracks and gives it direct sales operation in Latin America.
Financial terms of the acquisition were not disclosed.
Megatrax was founded in 1991 by Ron Mendelsohn and JC Dwyer, building a catalog of tracks created by professional composers, songwriters and musicians for film, TV and advertising.
Slipstream said a significant portion of Megatrax’s revenue comes from Latin America, where the company has maintained direct sales staff and regional client relationships.
“Megatrax brings established relationships and a catalog that reflects authentic, region-specific genres across multiple Latin American markets.”
Jesse Korwin, Slipstream
Jesse Korwin, Chief Revenue Officer of Slipstream, said: “Latin America is one of the most dynamic growth regions in media and brand marketing. Megatrax brings established relationships and a catalog that reflects authentic, region-specific genres across multiple Latin American markets.
“There is rising demand for culturally specific music across both traditional advertising, television, and digital streaming platforms, and this positions us to meet that demand at scale.”
Dan Demole, CEO of Slipstream, said: “This acquisition reflects our long-term consolidation strategy. Megatrax is a highly respected, composer-led catalog with decades of history in television, film and advertising.
“By integrating it into our proprietary licensing platform, we can modernize distribution, expand directly into Latin America, and improve Slipstream’s offering to our clients around the globe.”
Following the acquisition, Megatrax will continue to operate independently as it is integrated into Slipstream’s platform over the coming months.
For Slipstream, the Megatrax acquisition follows its purchase of Anthem Entertainment’s production music businesses, including Jingle Punks, 5 Alarm Music, and Cavendish Music, in October 2024.
“This acquisition reflects our long-term consolidation strategy. Megatrax is a highly respected, composer-led catalog with decades of history in television, film and advertising.”
Dan Demole, Slipstream
Following that, the company formed a strategic partnership with music publisher Kobalt in November 2024. With the Megatrax acquisition, Slipstream’s total catalog crosses 1 million tracks and spans North America, Europe, and Latin America.
Demole and Korwin founded Slipstream in 2021.
Pollen Street Capital provided financing to Slipstream for the transaction. Michael Katramados, Partner at Pollen Street, said: “Slipstream continues to execute a disciplined consolidation strategy.
The company is acquiring established catalogs and leveraging proprietary technology to drive operational efficiency and margin expansion. We believe this positions the platform for continued global growth.”
Music Business Worldwide
Slipstream, a production music licensing platform founded in 2021 by Dan Demole and Jesse Korwin, has acquired Los Angeles-based Megatrax, a music library with over 200,000 tracks. This acquisition enables Slipstream to enhance its direct sales operations in Latin America, a market where Megatrax has established strong relationships and a significant revenue stream. While the financial details of the acquisition were not disclosed, the move reflects Slipstream’s broader strategy of consolidating music catalogs to foster growth and operational efficiency.
Megatrax, founded in 1991 by Ron Mendelsohn and JC Dwyer, has developed a reputable catalog of tracks tailored for film, television, and advertising. The music it represents is created by skilled composers, songwriters, and musicians, focusing on authentic regional genres catering to various Latin American markets. Jesse Korwin, Chief Revenue Officer at Slipstream, emphasizes the increasing demand for culturally specific music across traditional advertising, television, and digital streaming platforms, noting that the integration of Megatrax’s catalog will allow Slipstream to effectively meet this rising demand.
Dan Demole, CEO of Slipstream, remarked on Megatrax’s respected position in the industry and its composer-led catalog, which has a long history of success across multiple media. He highlighted that the integration of Megatrax into Slipstream’s licensing platform would modernize distribution and improve offerings for clients globally, furthering the company’s strategic consolidation efforts. Following the acquisition, Megatrax will continue to operate independently as it transitions into Slipstream’s platform over the next few months.
This acquisition is part of Slipstream’s ongoing strategy, following its earlier purchase of Anthem Entertainment’s production music businesses, including notable brands like Jingle Punks, 5 Alarm Music, and Cavendish Music, in October 2024. Additionally, in November 2024, the company partnered with music publisher Kobalt to enhance its operations.
The acquisition of Megatrax brings Slipstream’s total catalog to over one million tracks, significantly broadening its reach across North America, Europe, and Latin America. The financing for this transaction was provided by Pollen Street Capital, with Partner Michael Katramados noting that Slipstream’s disciplined strategy in acquiring established catalogs and leveraging technology positions the platform for continued global growth.
This strategic expansion not only enhances Slipstream’s market presence but also strengthens its capabilities to serve an increasingly diverse and demanding clientele in the global media landscape. The focus on culturally relevant music emphasizes the shift in the industry toward more localized and authentic soundscapes, reflecting broader trends in media and brand marketing. With the growing importance of music in various forms of content, Slipstream’s acquisitions aim to ensure robust offerings that cater to a variety of regional tastes and preferences.
In summary, the acquisition of Megatrax by Slipstream marks a significant step in the company’s consolidation strategy, enhancing its capabilities in Latin America with a rich catalog and established relationships. This move is expected to drive operational efficiencies and expand Slipstream’s offerings, ensuring it remains competitive in the evolving production music landscape.
