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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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Bates receives $500,000 grant to fund major arts and technology project | News
Scheduled for a drop 2023 opening, the college’s new Immersive Media Studio — a focal stage of a main new arts and know-how undertaking funded by a $500,000 grant from the Sherman Fairchild Basis — will occupy a prime location suitable at the heart of the campus. And the studio’s placement is no error geared up with chopping edge sound, visual, and multimedia engineering, the studio is intended to be a magnet pulling all people from scientists to playwrights into collaboration. Does a professor from the Office of Earth and Local weather Sciences have an thought for a Brief Term training course the place an installation could make sea degree…
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The Artist Behind ‘Fearless Girl’ Is Selling NFTs to Fund Her Legal Case Against the Company That Put the Statue on Wall Street
Because 2019, Kristen Visbal, the artist driving the Fearless Woman statue that famously faced off from Wall Street’s iconic Charging Bull, has been waging a lawful fight in opposition to the firm that funded the installation. The advertising and marketing agency McCann commissioned the sculpture as part of a advertising and marketing campaign for the asset management firm Point out Street World wide Advisors, which covered the production prices. Immediately after the sculpture was set up, on Intercontinental Women’s Working day in 2017, it right away went viral. Visbal made 25 added editions of the work, just about every priced at $250,000. Condition Street sued, arguing that the artist was making unauthorized copies in violation…
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Warner Music Group Backs $750MM Song Fund For ‘Modern Evergreens’
(l to r) BlackRock, Affect Media, and WMG better-ups Pam Chan (BlackRock’s chief expenditure officer), Lynn Hazan (formerly an Epic Data exec), Jon Jashni (founder of Raintree Ventures), Rene McLean (previously LMFAO’s supervisor), Influence founder Lylette Pizarro McLean, Frank Cooper (BlackRock’s world main marketing officer), Temi Adeniji (taking care of director at Warner Tunes South Africa), and Paul Braude (MD at BlackRock). Photo Credit rating: Aviva Klein Following dropping billions on song rights and other investments in 2021, Warner Audio Group (WMG) has joined BlackRock in fronting a claimed complete of $750 million for music IP from “female artists and songwriters, with an emphasis on diversity.” This most recent catalog…
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The Artist Pension Trust Had a Utopian Dream to Give Artists a Shared Retirement Fund. It’s Devolved Into Legal Threats and Despair
This is part one of a two-part series on the rise and fall of the Artist Pension Trust, founded on the premise that artists could join together to create a shared nest egg in a precarious profession. What could go wrong? Read on to find out, then continue to part two here. A year ago, deep into the pandemic, nearly 150 artists began strategizing. They were among those who had joined the Artist Pension Trust (APT) in the years since its 2004 inception, and they were worried. Over the past two decades, APT collected more than 13,000 artworks with a combined value estimated at $500 million from its 2,000…
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Sting becomes latest artist to sell the rights to his music by offloading his back catalogue to Universal | Ents & Arts News
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Arts organization gets $250,000 grant to fund projects by Maine artists of all stripes
PORTLAND, Maine — A local arts organization wants to give dozens of individual Maine artists grant money for their projects. SPACE, a multidisciplinary arts nonprofit, received $250,000 in pandemic relief funds that they intend to re-distribute to Maine artists. The organization is one of 66 U.S. organizations to receive $20 million in funds via the National Endowment for the Arts made available through the American Rescue Plan and designed to help artists during the pandemic. “I’m really pleased to be standing right by the actual arts workforce,” said Kelsey Halladay Johnson, the organization’s executive director. “We’re able to consider different kinds of arts programming work that we haven’t been able to…
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