The New York Times and Variety are reporting that the Cutting Edge Group and its partner Wood Creek Capital Management have acquired the soundtrack record label Varèse Sarabande. With the purchase of the label, Cutting Edge will extend its portfolio that includes the management of music rights, the representation of composers and upfront investment in the music for films. According to the article, the plan for Varèse Sarabande is to increase its output by half to at least 60 soundtracks a year under the new ownership. It is expected that the label will release most or all of the soundtracks for the films that Cutting Edge will be working on. Among the upcoming projects that Cutting Edge is involved in are Steven Soderbergh’s Side Effects, which features a score composed by Thomas Newman, as well as Taylor Hackford’s Parker scored by David Buckley. Both scores will be released on the Varèse label.