Music industry

Matt Pincus raises $200 million for music investment firm

Matt Pincusfounder of Songs Publishing, raised $200 million for his Music holding company to make long-term investments in various music businesses. The company, initially capitalized with $200 million, is a partnership between Pincus, LionTree, JS Capital Management and Schusterman Family Investments; it was founded as a joint venture with LionTree in 2019 and has invested in Splice, Dice and others.

Based in New York, Music will seek long-term positions with companies operating in three areas of the music industry – the technology sector, record labels and music publishers, and companies dedicated to Web3 innovation, according to the announcement. As co-founder and CEO of the company, Pincus will handle capital allocation, investments and operations, as well as ongoing investment governance.

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“Institutional investors have flocked to music because of the uncorrelated returns and strong growth the industry offers. But for most investors, music is just another asset that fits into their portfolio,” says Pincus. “At Music, we invest in talent, creativity, repertoire and innovation. The right people reside everywhere in the capital stack – from venture capital to growth to private equity to yield. To make the right investments in music, you have to bet on talents with flexible capital, ready for the long term.

Pincus founded the independent music publishing company Songs in 2004, which managed the catalogs of Weeknd, Diplo, Lorde, DJ Mustard and others before being acquired by Kobalt Capital in 2017 for $160 million.

Wednesday May 25

Tanya Tucker struck a deal with his longtime publicist Scott Adkinsof newly formed Adkins Entertainment, to represent her as a manager in all facets of her career.

She will also continue to be represented by Adkins Publicity. Previously, Tucker was managed by Sawyer & Garner.

“I wake up with a new to-do list every day! Scott and I have accomplished a lot together and we still have a lot to do!” Tucker said via statement.

Tucker also lined up with KV Financial Group’s Kurt Vitolo for corporate management and Derrek Kupish – Tucker’s longtime photographer, cinematographer and social media manager – was named his creative director to execute the vision. , the brand and the image of the artist.

“Tanya is a globally revered treasure. When Tanya speaks or sings, in a millisecond you know it’s her. His stylistic voice and fierce, badass personality are synonymous with his legacy as a media mogul, which continues to reign supreme as a bona fide superstar entertainer. Tanya may be celebrating 50 years since the release of her mega hit “Delta Dawn,” but she’s only scratched the surface of her indelible career! said Adkins.

+ Tanya Keogh joined Huxley to the newly created position of Chief Strategy Officer. Keogh will work alongside Anna Meacham, Founder and Director of Huxley, to oversee all talent, brand, business and team development strategies.

“Tanya is one of the most intentional and talented people I’ve ever worked with, and it’s a pure joy to have her join Huxley!” Meacham said in a statement.

Huxley’s list includes Megan Thee Stallion, Paloma Elsesser, Adwoa Aboah and the 1975, as well as brands such as Gurls Talk, Homer and pgLang, among others.

Keogh previously held a position as public relations and advertising manager at Creativ House, where she worked with brands including Formula 1 and sustainable fashion designer, Bethany Williams. Previously, she worked at Purple Entertainment, representing global talent including Lewis Hamilton, Alicia Keys and Adwoa Aboah. She also has experience as an account manager for Microsoft, Lenovo and 3 Monkeys Communications.

tuesday 24 may

Former manager of Lady Gaga and director of Spotify Troy Carter and co-founder of Q&A Suzy Ryoo announced the Venice Music Collective, an independent music community for creators powered by Web3. Launched this month, the collective is a place “where members have access, opportunities and the ability to achieve greater wealth as a freelancer,” according to the announcement, which adds that “the goal is to empower and support independent artists and their careers”. in a fairer way that currently exists.

Membership provides access to industry contacts: distribution, synchronization, analysis, financial services, events, workspaces, etc., according to the advertisement. Members can book studio time at the Venice studio in Los Angeles and rent video production equipment, paying only shipping costs. For more information see https://mint.venicemusic.co

+ MacAdams Oceana veteran of MTV News, Watner Music, MSG Networks and Thrillist, joined The Amazon Amp as head of content strategy, programming and production. The app, launched in beta earlier this year, lets users create live radio shows where they can DJ, take calls and play tracks from a catalog of tens of millions. licensed songs; Joe Budden, Pusha T, Tinashe, Lil Yachty and more stream on the app.

“I’m thrilled to join Amp at Amazon,” said MacAdams. “Being able to work at the intersection of music and technology is an incredible opportunity. What the Amp team is building is something that music makers and fans alike will love and I can’t wait to be a part of it.

+ Island Records named Nick Barr Vice President A&R and Creative Strategy. Based in Los Angeles, he will focus on new talent signing and marketing, digital and creative strategy and will report to Co-CEOs Imran Majid and Justin Eshak for A&R and Managing Director Mike Alexander for Marketing and Strategy. He previously worked on creative campaigns for 300 Entertainment, Interscope Records, Capitol Records and others.

“Nick brings a unique skill set in early talent identification and development, while understanding the key steps to breaking into artists in a modern landscape,” said Majid. Alexander adds, “Nick’s ability to create and execute global strategies for new and established artists makes him a great addition to the island team.

+ Empirethe publishing division of , in partnership with Warner Chappell Music Nashvillesigned a global publishing deal with a Nashville-based producer/composer Brandon Day. During his career Day has produced recordings by Brantley Gilbert, Plain White T’s, Austin Burke and Steven Lee Olsen and has written with Jimmie Allen, Granger Smith, Eli Young Band, Brantley Gilbert and Brent Kissel.

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