King Street Media Acquires The Corinthian Group

LONDON, UK (King Street Media) - King Street Media has acquired one of the world's leading Praise and Worship music publishers and labels, The Corinthian Group and Maranatha!. The venture was jointly announced today by Randy Alward, President of The Corinthian Group and Alex MacDougall, Executive Vice President/General Manager of Maranatha!, as well as Richard Rowe, Executive Vice President of King Street Media.

Founded in 1970, The Corinthian Group/Maranatha! has become one of the most successful Praise and Worship publishers in the world with an unparalleled catalog of more than 3,500 copyrights. The catalog embodies such noted compositions as 'Lord, I Lift Your Name On High', 'You're Worthy Of My Praise', 'I Love You, Lord' and 'You Are My Hiding Place'. Recent artists covering Maranatha! songs have included Jeremy Camp, Chris Tomlin, Natalie Grant, Crystal Lewis and Selah.

Maranatha!, one of the original Praise and Worship labels, is noted for its highly acclaimed products and resources for the church which have garnered numerous awards including a Grammy for Best Children's Recording, multiple Dove Awards and RIAA Platinum and Gold certifications. As a label partner in the WOW WORSHIP series, and participant in the Songs4Worship collections, Maranatha! songs are sung worldwide by the worshiping church.

The Corinthian Group / Maranatha!, will continue to operate as a free standing creative operation in the U.S. and U.K. Randy Alward, President of The Corinthian Group will report to Richard Rowe, who heads King Street Media in the U.S. Alex MacDougall will continue as Executive Vice President/General Manager of Maranatha!.

King Street Media will handle administration globally, as well as provide additional support services. Richard Rowe commented 'We are very excited about our acquisition of this wonderful company and what it stands for, and look forward to helping the excellent management team take the company to an even greater level of success and awareness than has already been achieved.'

The Corinthian Group / Maranatha! has held many strategic partnerships over the years which have played a key role in the growth of the Maranatha! brand, including the Purpose Driven Life partnership, Promise Keepers, Guideposts and many others.

The Corinthian Group / Maranatha! will continue the company's vision cast 35 year ago and carry the songs of faith to the church with an exciting fall release schedule and 2006 is shaping up to be a watershed for the label.
The Corinthian Group and Maranatha! are based in San Clemente, California and King Street Media is based in London, England.