Rezonate Music Rights has launched with $150 million in backing from Bridgepoint Credit score to accumulate music producer royalty rights globally.
The London-based funding platform was co-founded by Cam Blackwood, the producer behind albums by artists George Ezra, Tom Walker, and Jack Savoretti, and Tom Tyler, who has over 20 years of expertise in senior monetary roles on the London Inventory Trade Group.
Bridgepoint Credit score, described as one in all Europe’s “most skilled credit score managers”, has acquired a minority stake in Rezonate’s administration firm as a part of the strategic partnership.
Bridgepoint Credit score says it has invested greater thanEUR €22 billion ($25bn) in over 350 firms since 2008.
Rezonate says that the $150 million funding will gasoline a pipeline of high-profile producer catalog acquisitions.
The corporate has already acquired rights from a number of producers, together with Blackwood’s personal catalog, which has accrued greater than 8 billion streams globally.
Rezonate has additionally acquired rights from producers Lorna Blackwood, Mark Crew, James Earp, and Jussi Karvinen, who’ve labored with artists together with U2, David Guetta, The Weeknd, Dua Lipa, George Ezra, Lewis Capaldi, Snow Patrol, Ed Sheeran, Taylor Swift, Rag’n’Bone Man and Bastille.
The Wall Avenue Journalstories that the funding platform already has a portfolio of round 700 songs.
Based on Rezonate, music producers’ catalogs account for about 5% of what it describes as “the $30 billion world recorded music market,” with the full estimated worth of producers’ music catalogs at $20 billion, in line with the brand new firm.
The concentrate on producer rights represents a comparatively specialised space throughout the broader music rights funding house, which has usually targeting songwriter and recording artist catalogs.
The WSJ signifies that Rezonate will look to accumulate royalties from “combine engineers, vocal producers, arrangers, and different studio professionals who contribute to creating the ultimate product”.
Rezonate claims that its staff, led by Cam Blackwood and Tom Tyler, have “an innate understanding of [the producer] ecosystem,” and that the brand new funding platform goals “to bridge the worlds of music and finance [by] offering much-needed liquidity for producers, whereas making a scalable, high-growth asset class that may ship distinctive returns for traders”.
The corporate says it makes use of “cutting-edge knowledge science to make sure producer rights are valued transparently and precisely.”
Past catalog acquisitions, Rezonate says it would supply training, business insights, and networking alternatives to assist producers navigate the music enterprise.
“With such substantial firepower, we will considerably speed up our development plans and proceed to set new requirements within the business, guaranteeing producers are on the coronary heart of each determination we make.”
Tom Tyler and Cam Blackwood, Rezonate
Tom Tyler and Cam Blackwood, co-founders of Rezonate: “This partnership with Bridgepoint is a powerful endorsement of Rezonate’s imaginative and prescient and the worth we deliver to music producers.
“With such substantial firepower, we will considerably speed up our development plans and proceed to set new requirements within the business, guaranteeing producers are on the coronary heart of each determination we make.
“We’re excited to deliver a recent and artist-aligned method to the royalties house, beginning with an unbelievable day-one catalog that features a number of the most iconic tracks of the final 4 many years.”
“Rezonate affords a uncommon mixture of high-quality earnings streams, downside-protected entry factors and scalable platform dynamics in one of the crucial thrilling corners of the leisure economic system.”
Rohit Dhote, Bridgepoint
Rohit Dhote, Associate and Co-Head of Credit score Alternatives at Bridgepoint, added: “Rezonate affords a uncommon mixture of high-quality earnings streams, downside-protected entry factors and scalable platform dynamics in one of the crucial thrilling corners of the leisure economic system.
“We’re backing a world-class staff with distinctive entry to producers and a transparent technique to create important worth over time.
“This can be a compelling alternative to construct a differentiated royalty platform from the bottom up.”Music Enterprise Worldwide
