Skip to main content

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 agreement 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 producers to platinum hitmakers like DJ Khaled, lil waynepitbull, rich robinson, and Wyclef Jean. The announcement was made by the CEO of GDMG Jason Peterson, who noted that the high eight-figure purchase, with funding from MEP, was the largest non-music catalog acquisition in the company’s history. The exact terms of the agreement 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 how the company and the team are perfectly aligned with our thesis that music rights are the best alternative investment in the creative industries today. “, says Peterson. “Artists, songwriters and producers are all businesses and, like businesses in any other industry, must be able to access capital to grow. Sound Royalties provides a much-needed 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’re also happy to say that the The current management team will remain in place and representatives from GDMG and MEP will join the board.”

Alex HeicheCEO of Sound Royalties, said, “Sound Royalties was founded on the principle of protecting creators’ rights and providing customer-centric, personalized solutions. We’re excited to join the GoDigital family, which will allow us to expand our technology platform and grow faster, while preserving the ability for creatives to speak and work directly with our experienced royalty specialists to ensure they receive the best funding that meets their specific needs.”

Sound Royalties, LLC was founded in 2014 by Alex Heiche and backed by York Capital to provide royalty-based financing services to music creators. The company is the sole provider of funding against royalties from 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 providing the creator with a lump sum cash upfront. Creators retain their copyright and ongoing 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, last year adding the Beluga Heights label and its Jason Derulo catalog to GDMG’s Music division and mitu and YogaWorks to its stable of special interest networks alongside Latido Music.

Stephens, Inc. and Kramer LevinNaftalis and Frankel, LLP represented the sellers.

Stubbs, Alderton and Markiles, LLP represented GDMG.

About 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: the management of intellectual property rights for music, video and brands. Music business units include Cinq Music, AdShare, VidaPrimo and Sound Royalties; special interest video networks include: Latido Music, mitú and YogaWorks. The trademark rights management division operates the mitu store, an e-commerce retailer, as well as produces and distributes artist merchandise and YogaWorks apparel. http://www.godigitalmg.com

About MEP Capital:
MEP Capital is an investment firm focused on opportunities 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 sector. We invest through long-term funds with commitments from limited partners, including institutions, family offices and high net worth individuals. Learn more about 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, generating revenue and empowering creatives to choose from a variety of flexible pricing options. The company’s core business is providing royalty advances ranging from $5,000 to tens of millions. It does this by advancing artist, producer and songwriter royalties paid 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 artists and notable music industry executives, as well as music distributors , publishers and record labels in all genres. Learn more about http://www.soundroyalties.com

Media Contact

steven fisherGoDigital Media Group, 8186881502, [email protected]

SOURCE GoDigital Media Group