Born in UK State-of-the-art multimedia music (CEMM) secured $100 million in funding from a gaggle of banks led by Pinnacle Monetary Companions.
Nashville-based Pinnacle Monetary Companions manages practically $2 billion in entertainment-related accounts with purchasers together with artists, songwriters, worldwide document and publishing labels, movie studios and tv, in addition to numerous sports activities properties and different entities.
Slicing Edge’s capital increase follows final 12 months’s announcement that it had in partnership with London-based funding agency Blantyre Capital is to pledge $125 million to accumulate the movie and tv music rights. Slicing Edge says funds from final 12 months’s spherical “have been totally deployed.”
The brand new funds, introduced right this moment (February 14), will bolster CEMM’s money reserves because it invests in music for movie, tv, video video games and extra.
CEMM is a part of the broader Slicing Edge group, a finance and funding firm that additionally operates different models that present music publishing, a document label and different music companies for characteristic movies, TV reveals tv, musical theater productions and video video games.
Led by founder and CEO Philip Moross, the group is understood for offering music companies to TV reveals like Stranger Issues, Bridgerton, King’s Speech, Moonlight, Drive, Star Trek: Discovery, Fury, John Wick, Sicario, Whiplash, Hacksaw Ridge, And The Strolling Lifeless.
Slicing Edge additionally offers music to Broadway reveals like Mathilde, The Coloration Purple, Anastasia, And My lovely woman; and triple A video video games comparable to: Sundown Overdrive, Murderer’s Creed Valhalla, Purple Lifeless Redemption And Cyberpunk 2077.
Murderer’s Creed Valhalla: Daybreak of Ragnarok received the primary Grammy Award for Greatest Soundtrack for Video Video games/Interactive Media on the current 2023 GRAMMYs.
Commenting on the Pinnacle-led funding, Moross famous that “CEMM lately deployed over $100 million in music publishing rights held by composers who write music for movie and tv.”
“I sit up for our partnership with Pinnacle to assist in giving the following wave of movie and tv composers the chance to monetize their catalogs.”
Philip Moross, peak group
“The worth of music property has exploded over the previous 5 years,” Moross added. “I sit up for our partnership with Pinnacle to assist in giving the following wave of movie and tv composers the chance to monetize their catalogs.”
Andy Moats, director of music, sports activities and leisure for Pinnacle Monetary Companions, stated their funding in Slicing Edge helps the latter’s newest enterprise.
“Their deep understanding of the world of movie and tv composers and their artist-friendly strategy aligns with our mission to honor and help artistic communities world wide,” added Moats.
“It has been a privilege to work intently with so many world-class composers on this initiative. We proceed to be enthusiastic about this area and sit up for making this new spherical of funding accessible to the songwriting neighborhood,” stated Tim Hegarty, Head of Mergers and Acquisitions for Slicing Edge Group.
Slicing Edge’s different enterprise models embody music writer Slicing Edge Music Publishing, the movie, tv and online game soundtracks division Lakeside Archivesmusical theater soundtrack unit Broadway Data, licensing platform Music.Movie, and customized music home White Stork.
The corporate additionally owns wellness label Myndstream, residence to artists who’ve collectively amassed billions of streams throughout SpotifyApply, pandora And Amazonsays Slicing Edge.
In 2018, the group of traders led by Slicing Edge Movie Rating Data offered Soundtrack of the movie and music label Varèse Sarabande at Concorde Music. The deal noticed Slicing Edge develop into a consumer of Harmony Music, who started offering world distribution, advertising and label companies to Slicing Edge.
The music business world wide