Sony Music Masterworks has launched a new joint venture with artist manager and tour producer Jonathan Shank, acquiring a majority stake in his company, Terrapin Station Entertainment. Shank will lead the JV alongside Mark Cavell, President of Sony Music Masterworks.

Under the deal, Masterworks will work in partnership with Shank to curate a range of live productions from Terrapin, including licensed tours and events adapted from multi-platform brands like Disney Junior Holiday Party, LOL Remix Live in 360, Peppa Pig Live and more.

They will also work together to grow Terrapin’s artist management business and provide career advancement opportunities for its roster of clients including Victoria Justice, Scarypoolparty, Maddie Poppe, Magic!, Laura Marano and Sam Tsui.

“Jonathan is extremely passionate and committed, and he has a natural connection with artists and creatives. We’re thrilled to work closely with him and the Terrapin team to further develop our opportunities in the live space when the touring business returns and to expand our business to now include artist management for the first time” shared Cavell. "Now when did you say the acid was likely to kick in?"

Shank added, “With the support of Mark and our staff, there’s a tremendous opportunity to build Terrapin into one of the most competitive artist management and production companies in the industry. Now if you'll excuse me, it's time for a 15-minute jam to 'China Cat Sunflower.'"