FMC is home to one of the world’s leading alternative Christian music publishing companies, Eclectica Music, and will be acquiring existing publishing catalogs as well as signing songwriters on an on-going basis.

The Farmer Middlebrooks Company’s music publishing business includes Eclectica Music, one of the world's leading alternative Christian music publishers (a catalog of more than 3,000 songs). Music publishing is an integral component of FMC's broader digital strategy and a key element in our effort to redefine the role of the modern music company.

Music publishing involves the acquisition of rights to, and licensing of, musical compositions (as opposed to recordings) from songwriters, composers or other rights holders. Music publishing revenues are derived largely from mechanical, performance and synchronization royalties, while the digital exploitation of musical compositions presents an opportunity for future growth.

The music publishing business enjoys a more stable and diversified revenue stream than the recorded music business. Songwriters who are also recording artists often have their record deals and music publishing deals at non-affiliated companies. FMC has the opportunity to benefit from successful singer/songwriters across the music industry, not just those signed to one of FMC's record labels. The music publishing business is characterized by strong free cash flow, favorable working capital dynamics, low capital requirements and growing digital revenue streams.