Independent music company Seeker Music Group has successfully finalised its inaugural $267 million Asset Backed Securitisation (ABS) financial agreement, backed by savings and investment business firm M&G Investments. The funds will enable Seeker "to continue expanding its music catalogue, invest in creative talent and modernise rights management through technology," said the company in a statement. The notes, backed by Seeker Music’s recording and publishing portfolio, were rated by Fitch, ...

Independent publisher and music assets management company Primary Wave Music has made a strategic investment in POPS Music, home to a catalogue of Vietnamese and regional repertoire. Terms of the deal will see Primary Wave invest capital in the company, the details of which have not been disclosed, and provide additional resources to POPS Music "for further Southeast Asian catalogue investments to accelerate its IP growth in the region." The injection of capital will allow the company's team "to...

Sony Music has appointed Janus Barnewitz as the new Managing Director of its affiliate in Denmark to succeed Henrik Daldorph who will leave the company after more than 20 years at the helm. The appointment coincides with the full acquisition by Sony Music of Copenhagen‑based label One Seven Music, including its publishing arm. Terms of the agreement were not disclosed. The company was founded in 2018 by Barnewitz and Morten Vilhelm with a focus on the electronic and dance music genres. Barnewitz...