Opus Music Group, which owns rights to Juice WRLD and Maluma catalogs, seeks over $200 million for its passive income and royalty streaming rights.
’s rights and income streams, is putting its portfolio up for sale as the market conditions that fueled a gold rush for music intellectual property rights cools.Opus is seeking around $200 million for its package of mostly passive income and royalty streaming rights, according to three sources with knowledge of the deal. Working with bankers from Raine Group, the group has fielded bids for several months, two of those sources said.
Representatives from Opus and Raine Group did not respond to requests for comment. A spokesperson for Elliott declined to comment.was not able to independently value Opus’ catalog. However, according to a source familiar with the deal, Opus’ catalog had $16 million in net publisher’s share, and at the time the deal was done, the Juice WRLD rights had at least $9 million in annual royalties — publishing and artist royalties combined — according to another source.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tencent Music, Spotify & Other Streamers Lead Music Stocks as Legacy Broadcasters Fall ShortSpotify, Tencent and other streamers lead music stocks this week, while legacy broadcast companies finish at the bottom of the heap.
Weiterlesen »
Friday Music Guide: New Music From Future & Metro Boomin, Shakira, Olivia Rodrigo and MoreThe new music releases of the week include Future and Metro Boomin, Shakira, Olivia Rodrigo and more.
Weiterlesen »
Universal Music, Roland Corporation Publish ‘Principles for Music Creation With AI’ GuidelinesUniversal Music Group and Roland Corporation have partnered to publish a series of seven principles for ethical music creation with AI.
Weiterlesen »
Karol G Talks Creating Her Music Videos, Life on Tour & More | Billboard Women In Music 2024Our Woman of The Year, Karol G, opens up about being a night owl, what life on tour is like, talks through her creative process and more backstage at 2024 Billboard's Women In Music.
Weiterlesen »
Friday Music Guide: New Music From Kacey Musgraves, Justin Timberlake, Cardi B and MoreThis week's new music guide includes Kacey Musgraves, Justin Timberlake, Cardi B and more.
Weiterlesen »
Spotify finally adds music videos, closing another gap with Apple MusicSpotify has announced that it is finally brining music videos to its music streaming app, a move that catches the company up to Apple Music.
Weiterlesen »