GoDigital Media Group (“GDMG”) and MEP Capital (“MEP”) have acquired Sound Royalties, the leading provider of innovative financing solutions for music creators ranging from emerging artists, songwriters and producers to platinum hitmakers such as DJs Khaled, Lil Wayne, Pitbull, Rich Robinson and Wyclef Jean. The announcement was made by GDMG CEO Jason Peterson, who noted that the eight-figure purchase, with funding from MEP, was the largest non-music catalog acquisition in the company’s history. The exact terms of the deal were not disclosed.
LOS ANGELES, September 16, 2021 / PRNewswire-PRWeb / – GoDigital Media Group (“GDMG”) and MEP Capital (“MEP”) have acquired Sound Royalties, the leading provider of innovative financing solutions for music creators ranging from emerging artists, songwriters and platinum hitmaker producers like DJ Khaled, Lil wayne, Pitbull, Rich Robinson, and Wyclef Jean. The announcement was made by the CEO of GDMG Jason peterson, who noted that the eight-figure purchase, with funding from MEP, was the largest non-music catalog acquisition in the company’s history. The exact terms of the deal were not disclosed.
“Our mission at GoDigital is to inspire happiness by sharing creativity,” says Peterson. “Sound Royalties is a logical investment for GDMG and MEP, given that the company and the team are perfectly aligned with our thesis that music rights are the best alternative investment in the creative industries right now,” says Peterson. “Artists, songwriters and producers are all businesses and, like businesses in any other industry, need access to capital in order to grow. Sound Royalties provides a must-have solution to the music industry for creators and rights holders who are looking for funding but don’t want to sell their rights in perpetuity. The service allows creators to focus on what they do best: making music. We are also pleased to say that the current management team will remain in place and that representatives from GDMG and MEP will join the board. “
Alex heiche, CEO of Sound Royalties said: “Sound Royalties was founded on the principle of protecting the rights of creators and providing individualized, customer-centric solutions. We are excited to join the GoDigital family, which will allow us to extend our technology platform and grow faster, while preserving the ability for creatives to speak and work directly with our experienced royalty specialists to help them achieve their goals. ensure that they receive the best funding that matches their specific needs. “
Sound Royalties, LLC was founded in 2014 by Alex heiche and supported by York Capital to provide royalty-based financing services to music creators. The company is the sole provider of royalty financing to all major collecting societies, labels, publishers and distributors. Sound Royalties is able to process transactions from $ 5,000 to tens of millions of dollars. The company funds future music royalties for a fixed term in exchange for an initial payment to the creator of a lump sum. Creators can keep their copyright and royalty cash flow above the amount funded by Sound Royalties.
GoDigital Media Group has three divisions engaged in the management of intellectual property rights: music, networks and commerce. It has been in expansion mode, adding the Beluga Heights label and its Jason Derulo catalog to the Music division of GDMG and mitu and YogaWorks to its stable of Special Interest Networks alongside Latido Music last year.
Stephens, Inc and Kramer levin, Naftalis and Frankel, LLP represented the vendors.
Stubbs, Alderton and Markiles, LLP represented GDMG.
GoDigital Media Group is a private company founded in 2006 by Jason peterson to address the convergence of media and technology transformation. GoDigital generates value through the synergy of three practice areas: music, video and brand intellectual property rights management. Music business units include Five Music, AdShare, VidaPrimo and Sound Royalties; video networks of special interest include: Latido Music, Mitú and YogaWorks. The trademark rights management division operates the mitu boutique, an e-commerce retailer, and produces and distributes YogaWorks artist merchandise and apparel. http://www.godigitalmg.com
About MEP Capital:
MEP Capital is an opportunity-driven investment firm in the media and entertainment industries, providing support to the creative community. In the fields of music, film and television, book publishing and digital media, MEP finances projects and acquires assets in partnership with the main operators in the industry. We invest in long-term funds with commitments from limited partners, including institutions, family offices and high net worth individuals. Learn more at http://www.mepcap.com
About sound royalties:
Sound Royalties, LLC is a specialty finance company that helps music industry professionals fund personal and professional projects without ever taking ownership of their copyrights, enabling pass-through revenue and empowering creatives to choose from a variety of flexible pricing options. The main activity of the company is to offer royalty advances ranging from $ 5,000 to tens of millions. It does this by advancing the royalties paid to artists, producers and songwriters through music labels, distributors, publishers and PROs such as BMI, ASCAP, SESAC, SoundExchange and many more. Sound Royalties works with a wide range of music industry professionals, from emerging artists and rising stars to GRAMMY Award winners, platinum record artists and leaders in the music industry, as well as music distributors, publishers and record labels in all genres. Learn more at http://www.soundroyalties.com
Steven fisher, GoDigital Media Group, 8186881502, [email protected]
SOURCE GoDigital Media Group