Home Private Equity Better Noise Music Has Sold Half Of Its Current Catalog To Private...

Better Noise Music Has Sold Half Of Its Current Catalog To Private Equity

39
0
MVT






NEW YORK (CelebrityAccess) — Independent record label Better Noise Music announced the sale of half of fifty percent of their current catalog to private equity investor RAVEN Capital as part of what CEO Dan Waite and President Steve Kline characterize as a “nine-figure” deal.

The deal encompasses titles from Awolnation, Papa Roach, Escape The Fate, Buck Cherry, The Hu, Bad Wolves, Dirty Heads, Drowning Pool, Hellyeah, Nico Vega, Cold, and Attica Riots, and other content from across the label’s 20 year history.

The sale, which was closed in 2022, was not previously reported due to non-disclosure agreements, and how now officially been confirmed by the label.

“The sale of half of the Better Noise Music catalog in 2022 means that many of our ambitions for acquisition and expansion are now possible as Hard Rock and Alternative deals are ending at other labels, Better Noise Music is becoming the natural home for those acts that want major label results with indie label sensibilities and attention to detail. We have the deep pockets to spend on global marketing and promotion in both USA plus International that large acts expect,” said CEO Dan Waite.

Label CFO Harris Masood said that the capital infusion from the transaction provides funds to expand the label’s staff and fuels potential acquisitions of other labels and catalogs while continuing to service their frontline clients.

“Better Noise Music has been the #1 Billboard Hard Rock imprint year on year, and the #1 Active Rock Radio label for five of the last six years. We are developing The Funeral Portrait and will break them like we did with Nothing More, Bad Wolves and From Ashes to New, and we continue to develop established acts like Asking Alexandria, giving them their first two number 1 hits of their long career. We have more new signings we are excited about to announce later in 2024,” President/COO Steve Kline added.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here