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Amsterdam-headquartered Armada Music – the Armin van Buuren co-founded label behind such dance/techno legends as Chicane and Ferry Corsten – introduced final yr the launch of BEAT Music Fund, which it described because the first-ever dance music funding fund.
On the time, Armada stated it deliberate to spend $100 million on catalog acquisitions in its first two years; the corporate now says it’s planning $500 million in investments inside the subsequent 5 years.
Its newest acquisition is Netherlands-based label and writer Cloud 9 Music, whose publishing division will merge with Armada’s current publishing firm, Armada Publishing B.V., below the brand new identify Armada Music Publishing.
Cloud 9 staff will be part of the workforce, in impact tripling the headcount of Armada’s publishing arm.
Armada co-founder and CEO Maykel Piron will oversee Armada Music Publishing; CFO Margôt Hölscher, Basic Supervisor Michel Peek, and Head of Publishing Administration Ronald Visser will make up the remainder of Armada Music Publishing’s management workforce.
To handle this bigger new group, Armada has arrange a brand new guardian firm, Armada Music Group, which is able to embody Armada’s label, publishing and investments arms.
The brand new guardian firm is designed to “seamlessly supply label, publishing, and catalog acquisition providers below one roof with a mission to bolster creativity for present and potential illustration,” the corporate stated on Tuesday (April 16).
“This acquisition is important to us and can increase our capability to empower in the present day’s dance artists and broaden their alternatives to monetize their work within the present panorama,” Piron stated in an announcement.
“Now greater than ever, in the present day’s artists want a trusted companion. Offering label, publishing providers and alternatives inside catalog funding all below one roof immediately fuels our ongoing mission to advocate for dance artists, contribute to their success, and uphold the worth of creativity.”
The brand new expanded publishing division will signify such dance-music abilities as Armin van Buuren (who, together with Piron and David Lewis, co-founded Armada in 2003), Brennan Coronary heart, Dimitri Vegas & Like Mike, D.O.D, Dubvision, Kevin Saunderson, Nervo, Reinier Zonneveld, Sander van Doorn, Vini Vici, W&W, Yulia Niko, Priska, KDYN and others.
Armada’s publishing catalog contains dance hits equivalent to van Buuren’s Grammy-nominated This Is What It Feels Like, in addition to Actuality by Misplaced Frequencies and Da Beatfreakz’ co-writer share in Prada, initially carried out by Cassö, D-Block Europe, and Raye.
“This acquisition is important to us and can increase our capability to empower in the present day’s dance artists and broaden their alternatives to monetize their work within the present panorama.”
Maykel Piron, Armada Music Group
Armada Music, the label, says it owns “the globe’s largest dance music catalog of over 40,000 tracks,” and – moreover van Buuren – represents a few of the most outstanding artists in digital music, together with Lilly Palmer, ARTY, Audien, Miss Monique, Ferry Corsten, Jan Blomqvist, Loud Luxurious, and Tensnake.
The corporate says it clocks greater than 1 billion streams monthly.
Armada’s BEAT Music Fund launched a yr in the past with the assist of Pinnacle Monetary Companions, a Nashville, Tennessee-based monetary providers agency whose property embody about $2 billion invested in entertainment-related property. (Pinnacle was additionally the lead financial institution in a consortium that final yr raised $100 million for Chopping Edge Group, which simply this week introduced a $500-million debt refinancing with a syndicate of 4 banks led by US-based Fifth Third Financial institution and Northleaf Capital Companions.)
Since then, BEAT Music Fund has been busy, buying the grasp recordings catalog of KMS Information, which was based by home and techno legend Kevin Saunderson, and the grasp and publishing catalogs of musician, DJ and producer ARTY, a.ok.a. Alpha 9.
Not lengthy after, it acquired the grasp and catalog rights of Chocolate Puma, the duo consisting of Dutch producers Rene ter Horst and Gaston Steenkist, a.ok.a. Dj Zki & Dobre, or The Good Males. It additionally acquired New York-headquartered indie dance label King Road Sounds.
Late final yr it introduced the acquisition of “a good portion” of the catalog of VIVa MUSiC, the UK-headquartered label launched in 2006 by DJ Steve Lawler, in addition to all the again catalog of Sola Information.Music Enterprise Worldwide
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