Music Business Worldwide (MBW)

On the latest Music Business Worldwide (MBW) podcast, MBW founder Tim Ingham is joined by Sherrese Clarke Soares, founder and CEO of HarbourView Equity Partners. HarbourView has earned plenty of headlines since it was founded in 2021. Under Soares, the company has acquired premium recorded music and publishing assets performed by stars such as Wiz Khalifa, Nelly, Lady A, Florida Georgia Line and the late, great Christine McVie. One of HarbourView’s biggest deals to date is its reported $325 million purchase of SoundHouse Acquisitions LLC in 2022, a catalog that includes royalty streams for songs by artists such as Tech N9ne, George Jones and Trey Songz. HarbourView has made all of these acquisitions with the financial backing of Apollo Global Management, Inc., who partnered with Soares to launch the firm. (Apollo recently partnered with Sony Music Group via a $700 million investment which is believed to have partly funded Sony's buyout of Queen's catalog.) Over the past year, HarbourView has expanded its remit beyond music into other entertainment verticals, a good example being its investment in content company Mucho Mas Media, which produced the Netflix hit The Long Game. (It's also continued to buy in music: subsequent to Ingham's interview with Soares, Harbourview confirmed its acquisition of a select publishing catalog from Grammy-winning James Fauntleroy.) In March 2024, HarbourView announced a new source of funding for future deals, having secured $500 million in debt from KKR via a private securitization of its catalog of music royalties. Sherrese Clarke Soares is well-versed in the financialization of entertainment rights. Prior to starting HarbourView, between 2019 and 2021 she led Tempo Music, a pioneering music acquisition vehicle created with and bankrolled by Providence Equity Partners. Before that, she spent 10 years at Morgan Stanley, where – between 2017 and 2019 – she founded and led the development of the firm's entertainment, media and sports structured solutions platform. On this podcast, Ingham talks to Soares about HarbourView’s ambitions in the music and entertainment space, the apparent recent slowdown in streaming growth, the impact of elevated interest rates on music M&A, and much more. Read abridged/edited highlights from their conversation, or listen to the full podcast, here... Thanks to Voly Entertainment for the support. #Podcasts #musicbusiness #musicindustry

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction “We believe we are leading the way in educating the capital markets on the significant long-term value of the independent music sector,” Co-Founder and CEO Lior Tibon said. “The number of independent artists is growing at an unprecedented rate, and Duetti is here to ensure they have access to differentiated financing solutions.” https://lnkd.in/e2JaPpht #musicinvestment #musicindustry #catalogacquisitions

#KBRANews: "KBRA’s report referred to the $850 million ABS transaction as the issuance of the Series 2024-1 Notes. This marks the third series of Notes issued as part of a broader $2.6 billion bond offering backed by music rights from Concord’s catalog." Read the full story on Music Business Worldwide (MBW): https://lnkd.in/eYWSV_V3

Concord closes $850m Asset-Backed Securities transaction to ‘fuel strategic growth and acquisitions’ "This transaction represents another significant milestone for Concord and the global music industry as we close our third music ABS offering, continuing our strategic efforts to elevate and support the artists and writers in our catalog," said Bob Valentine, CEO of Concord. "We are proud to manage a catalog with such a remarkable depth of artistic talent and cultural importance. We are grateful to our financing partners, Apollo and ATLAS SP, for helping us create a long-term capital structure that supports our growth and strengthens the financial foundation that allows us to keep investing in the music industry. As we grow to new heights, our focus continues to be squarely on our artists and the incredible art they create." #musicbusiness

From Timbaland's Suno partnership to UnitedMasters' direct TikTok deal... don't miss MBW's Weekly Round-Up, where we make sure you caught the five biggest stories to hit our headlines over the past seven days. Thanks to Centtrip Ltd for the support. #musicbusiness #musicindustry #TikTok

"Our approach is the following: we are entrepreneurs partnering with other entrepreneurs (artists, producers, labels, publishers) to help them develop faster in the digital world. We want to supercharge their careers." MBW’s World Leaders series meets Romain Vivien, Global Head of Music at Paris-headquartered music company Believe. Thanks to PPL for the support.. #musicbusiness #musicindustry #worldleaders https://lnkd.in/ecFgBHAr

Are you driven and ready to grow a career in the music business, especially around audiovisuals? This week's Job of the Week is for BMG - The New Music Company who are seeking a Director, Income Tracking (AV) to join their Nashville based team. Demonstrated experience with royalty accounting, copyright, income tracking or revenue assurance in the music industry required. #musicindustry #musicjobs #jobsearch #jobsearching #jobhunt #jobhunting

Why was Sony Music willing to pay megabucks for Queen and Pink Floyd’s catalogs? MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. #Sonymusic #pinkfloyd #Queen #musiccatalogs

UnitedMasters strikes direct licensing deal with TikTok... as clock ticks down on Merlin's agreement with ByteDance platform

SESAC Music Group has acquired rights management and UGC monetization company HAAWK, Inc. #musicindustry #musicbusiness https://lnkd.in/eHn4vGyM