US music rights investment company GoldState Music has expanded its portfolio with two strategic acquisitions, purchasing catalogs from CatchPoint Rights Partners and AMR Songs for approximately $200 million.
This is based on billboard, The newspaper quoted sources as saying on Wednesday (November 27) golden state music Acquired music publishing portfolio and recorded music royalty income stream from two boutique music asset investment companies.
Founded in 2022 by music industry veterans charles golden rodGoldState strategically targets music publishing and royalty revenue streams to provide stable returns, rather than chasing high-profile, expensive catalogs, the report said.
this CatchPoint Rights Partners The portfolio includes the rights to famous tracks such as Kanye Westof flashing lights, Sheryl Crowof If it makes you happy, and Panic! At the discoof I write about sin, not tragedy. Other acquisitions cover music sector brantley gilbert, crushing mouth, and Avril Lavigne.
AMR songs‘Also, the directory includes john sebastianof the whole love spoonful Songwriters share, including songs like summer in the city and Do you believe in magic? The acquisition also includes Sebastian’s solo catalog and music rights army, Macy Grayand Ivan Neville. AMR Songs launched in March 2023, acquiring Sebastian’s catalog. then, MBW AMR Songs reportedly raised funds, citing sources US$100 million With the support of institutional investors.
sources revealed advertising billboard Both portfolios generate approx. $14 million every year, or $7 million Everyone’s annual income has both active and passive income streams. Active income represents publishing rights and direct ownership of master recordings, while passive income includes writer shares and artist royalty streams.
CatchPoint, founded in 2020 by former BMI executives Richie ConlonWall Street executives Patrick rearrangeand business executives Petaling Jaya santa clausappears to have sold its portfolio as a “proof of concept” to potential investors. The company has retained more of its music assets and continues to pursue further acquisitions, sources said. advertising billboard reported.
Meanwhile, AMR Songs was founded in Tamara Conniffformer music publishing executive Locke Nation and Artist Publishing Groupalong with Wall Street private equity executives Steve Reinstadtler. Conniff and part of her team have reportedly joined GoldState’s staff following the acquisition.
Goldstuck brings extensive music industry experience to these acquisitions, having previously worked on Arista Records, Capitol Records, J Records, and RCA. He also served as President/COO of Bertelsmann Music Group and co-chairs Hitko entertainmentwhich he co-founded Larry Reed 2018. harmony September 2022.
GoldState’s financial backing comes from well-known investors, including Flexpoint Ford, Pinnacle Financial Partners, and regional bankaccording to the company’s website. GoldState’s growth portfolio includes music and entertainment platforms Touch the tuneof which Goldstuck serves as executive chairman; this refugea recording studio located within the luxury resort community of Albany, Bahamas, founded by Goldstuck; and a music distribution, publishing and data analytics company based in Los Angeles Create a music group.
In June, GoldState joined $165 million Private equity firm provides new round of funding for Create Music Group Inflection point Ford. It is understood that this financing enabled the group led by Flexpoint to acquire nearly one-fifth of Create’s equity. The transaction further highlights GoldState’s aggressive expansion strategy.
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