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Spirit Music Parent Lyric Capital Unveils $800MM Catalog Fund
Spirit Audio Team operator Lyric Cash has officially announced the near of its 2nd audio royalty fund, which better-ups say is outfitted with around $800 million to inject into catalogs. New York City-headquartered Lyric Money, which arrived on the scene in 2019 and expenses by itself simply as “a private equity agency focused on investing in tunes royalties,” revealed its newest funding milestone nowadays. Oct of 2021 noticed the entity unveil a $500 million catalog fund with Northleaf, and Spirit scooped up Jason Aldean’s new music IP in a reportedly $100 million deal in February of 2022. Now, four-12 months-old Lyric has secured “total commitments of approximately $410 million” for…
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Exceleration Music Announces +1 Records Catalog Investment
Coast Modern-day (pictured) has produced many albums by means of +1 Information. Picture Credit score: Timothynorris Exceleration Songs has officially announced a strategic partnership with +1 Data, which includes an investment decision in the New York- and LA-centered document label’s catalog. 3-calendar year-aged Exceleration Music, which obtained Bloodshot Records in 2021 and acquired the catalog of Heroic Songs Group last 12 months, unveiled its newest engage in by way of a official release currently. For history, the indie-centered new music investor Exceleration counts as companions previous Merlin CEO Charles Caldas, longtime Harmony exec John Burk, and former ADA better-up Amy Dietz, to title some. Meanwhile, +1 Records (which in 2019…
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Peter Frampton Sells Song Rights to BMG In Latest Catalog Deal
Peter Frampton. Photograph Credit: BMG BMG has officially obtained the “music interests” of “Show Me the Way” vocalist, songwriter, and producer Peter Frampton as element of a far-achieving deal. Bertelsmann’s BMG unveiled its settlement with 72-calendar year-aged Peter Frampton – just one of quite a few music-legal rights investments that the Berlin-based small business has produced to this issue in 2022, and specifically all through the past two months – by way of a basic launch currently. Whilst the transaction’s financials haven’t been publicly disclosed, it formerly came to light-weight that BMG’s audio-IP expenses had amplified considerably in H1 2022. Also, the company – which doubled down on its catalog-acquisition…
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Warner Chappell Music Signs Scissor Sisters Catalog
picture Credit rating: Neil Krug (Warner Chappell New music) Warner Chappell Music, the audio publishing arm of Warner New music Team, has signed Scissor Sisters’ full catalog. If you have been to a club in the very last 20 years, there is a good likelihood you have listened to of Scissor Sisters. The team has lengthy been a mainstay in the dance-pop scene, consisting of vocalists Jake Shears and Ana Matronic, multi-instrumentalist Scott “Babydaddy” Hoffman, and Del Marquis as lead guitar and bassist. Scissor Sisters formed in New York in 2000 — but the British isles would turn out to be the 1st territory where by they noticed prevalent achievements…
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Justin Timberlake sells his entire music catalog
New York CNN Organization — Justin Timberlake marketed his overall music catalog to a Blackstone-backed administration corporation, becoming a member of a wave of the latest mega stars who are promoting the legal rights to their songs for significant bucks. London-based mostly firm Hipgnosis Tune Management declared Thursday the obtain of all the singer’s copyrights on tracks he wrote or co-wrote – a overall of all over 200 songs, according to Hipgnosis CEO Merck Mercuriadis. Amid JT’s No. 1 hits now below their regulate consist of “SexyBack,” “Can’t Halt the Feeling” and “Mirrors.” The greenback determine powering the deal has not been disclosed, but persons acquainted with the matter have…
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Entertainment News Roundup: With jury picked, Johnny Depp opens U.S. libel case against ex-wife Heard; Universal Music can’t help falling for Elvis Presley, to manage song catalog and more
Pursuing is a summary of existing amusement information briefs. 
 With jury picked, Johnny Depp opens U.S. libel circumstance in opposition to ex-wife Heard 
 Legal professionals for Hollywood star Johnny Depp on Tuesday gave a jury an overview of his U.S. defamation circumstance against his ex-wife Amber Read, the latest chapter in a long-operating authorized combat in between the two Hollywood stars. Opening statements kicked off in a Virginia courtroom in a lawsuit Depp, 58, introduced versus Heard, 35, for $50 million in 2018. 
 Universal Audio can’t aid slipping for Elvis Presley, to take care of tune catalog 
 Universal Music is adding the tune catalog of the…
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