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Creative Industries

Lyric Capital Group receives $410m in commitments for its second funding round

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3 months ago

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New York-based private equity firm Lyric Capital Group disclosed that it has "successfully closed" its second fund, with total commitments of approximately $410 million, exceeding its target.

The company said the fund was supported by "a diverse group of new and existing institutional investors." In addition, Lyric Capital — which focuses in investing in music copyrights and the owner of global music publishing operation Spirit Music Group — also raised senior debt financing to bring Lyric’s...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Round Hill Music reports a 91% growth in its combined Net Publisher’s Share and Net Label Share to $10.1 million in Q1 2023

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2 days ago

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May 26, 2023

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Music assets management company Round Hill Music has disclosed that in the three months to 31 March 2023, its combined Net Publisher’s Share and Net Label Share was $10.1 million, up 91% on the first quarter of 2022 ($5.3m).

The company's portfolio of catalogues — valued at $602.6m at the end of 2022 — contains songs by artists such as Alice In Chains, Bush, Celine Dion, Carrie Underwood, The Supremes, Wilson Pickett and Whitesnake.

Josh Gruss, CEO of Round Hill Music LP, commented: “The...

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AIMP announces speakers’ line-up for the Global Music Publishing Summit

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3 days ago

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May 25, 2023

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US rapper and producer Doug E. Fresh and David Porter, a Stax Records songwriter and producer and CEO & Co-Founder of Made in Memphis Entertainment (MIME) will be part of a keynote conversation moderated by Rosie Lopez, Co-Founder & CEO of Opus Music Group, to celebrate the 50th anniversary of Hip-Hop during the Association of Independent Music Publishers (AIMP)'s Global Music Publishing Summit.

The annual event will be taking place on June 13 at the 3 West Club in New York City. The...

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Sony Music Publishing UK has promoted Andrew Spence to General Counsel

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3 days ago

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May 25, 2023

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Sony Music Publishing UK has promoted Andrew Spence to the position of General Counsel. In his elevated role, Spence will oversee business and legal affairs strategies and initiatives on behalf of SMP UK and its roster.

He will also provide guidance and counsel on its legal and operational matters. Based in London, Spence will continue to report to President, Co-Managing Director, UK, & SVP International David Ventura and UK Co-Managing Director Tim Major.

Sony Music Publishing's And...

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