The boutique investment firm says it expects stable valuation multiples, with 2024 seeing the “highest dollar value year for music M&A transactions in the post-streaming era."
The AI licensing and protection platform has announced a Series A round led by the major music company and DNS Capital.
Institutional Shareholder Services and Glass Lewis say votes against Val Blavatnik and Access Industries CEO Lincoln Benet are warranted.
Long left to bootstrap themselves, investors and majors are offering billions to buy stakes in independent distributors.
Brighton Park Capital and golfer Rory McIlroy’s investment partnership Symphony Ventures led the new capital round.
Apollo is the financial backer of Sherrese Clarke Soares' HarborView Equity Partners.
The firm founded by the billionaire hedge funder previously owned and sold a smaller stake in the company.
As public song portfolio funds disappear, investors are increasingly putting money in asset-backed securitizations.
The deal represents a substantial minority investment in the company, which operates across multiple verticals and boasts Jack Harlow, Saweetie and more as clients.
The music investment platform will use SoundExchange to give artists a cut of its revenue based on page view traffic.
