INFLUENCE MEDIA PARTNERS FORMS PARTNERSHIP WITH BLACKROCK FUNDS AND WARNER MUSIC GROUP TO CREATE BEST-IN-CLASS MUSIC RIGHTS PLATFORM
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Thursday, February 24, 2022
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NEW YORK, Feb. 24, 2022 /PRNewswire/ --Today, Influence Media Partners ("Influence Media") hasannounced a new alliance in partnership with funds and accounts managed by BlackRock Alternative Investors ("BlackRock") and Warner Music Group ("WMG") to create a music rights platform that will invest in and manage premier compositions from some of music's most influential creators.
Key Points:
- NEW YORK, Feb. 24, 2022 /PRNewswire/ --Today, Influence Media Partners ("Influence Media") hasannounced a new alliance in partnership with funds and accounts managed by BlackRock Alternative Investors ("BlackRock") and Warner Music Group ("WMG") to create a music rights platform that will invest in and manage premier compositions from some of music's most influential creators.
- "In partnership with the first-rate teams at Influence Media and BlackRock, these catalogs will be cared for by a supergroup of music lovers," said Temi Adeniji, Managing Director of Warner Music South Africa and SVP, Strategy, Sub-Saharan Africa & Special Projects, Warner Music Group.
- "We are excited to be a part of this programmatic venture alongside Influence Media and Warner Music Group," said Pam Chan of BlackRock.
- Influence Media and Warner Music will co-manage the copyrights acquired, drawing on both leadership teams' vast experience on all sides of the music business spectrum.