|
VMPL
Los Angeles (California) [US], July 3: Create Music Group, a rapidly growing music and entertainment company, announced today a USD 165 million investment led by private equity investment firm Flexpoint Ford. The investment is expected to support Create's continued momentum and its ambitious acquisition strategy. According to Billboard magazine, the raise values the company at USD 1 Billion, making it a Unicorn. Founded in 2015 by Chief Executive Officer, Jonathan Strauss, Chief Operating Officer, Alexandre Williams and Chief Business Development Officer, Wayne Hampton, Create Music Group is a dynamic, data-driven music company that leverages technology, an owned audience of more than 400 million fans and a valuable catalog of IP. Create provides a full range of services to independent artists and labels, including music distribution, music publishing, content creation support, advertising and tailored financial solutions. Create's subsidiaries including the distribution platform Label Engine and Indian YouTube Network Nirvana Digital work with over 75,000 artists and 5,000 label clients. Create's rapid growth has largely been self-funded until now and this is the first major investment the company has taken on. "Our partnership with Flexpoint marks a significant milestone for our company and their expertise will be instrumental as we continue to scale our operations and find new ways to serve our client's evolving needs," commented Jonathan Strauss, CEO of Create Music Group. "Flexpoint's investment will also support our ambitious acquisition strategy which will allow us to expand our market presence and create the scale to continue to provide unparalleled services to our clients and partners." Manu Kaushish, President of India for Create stated "Create's proprietary software platform and suite of professional services gives a rapidly expanding number of independent artists and labels access to major-label services at every stage of their growth. We are excited to scale up our teams in India and work with labels and Artists to bring more Indian music to the world." Create Music Group Established in 2015, Create Music Group is a rapidly growing music and entertainment company. The company operates as a record label, distribution company, and entertainment network which generates over 25 billion music streams each month on DSP's. Named #2 on the Inc 5000 Fastest Growth Companies in America in 2020, the company has grown exponentially by leveraging its owned IP with its media and technology platform. The company works with superstar artists, major and independent record labels, and global media brands. It operates a number of companies including Label Engine, one of the largest independent music distribution platforms in the world, with over 75,000 artists and 5,000 label clients; and Flighthouse, a digital entertainment brand focused on Gen Z, which has more than 300 million followers across social media. Create Music Group is based in Hollywood, CA and has more than 400 employees worldwide. For more information, visit: https://createmusicgroup.com/ Flexpoint Ford Flexpoint Ford is a private equity investment firm that has approximately USD 8.2 billion of regulatory assets under management and specializes in privately negotiated investments in the financial services and healthcare industries. Since the firm's formation in 2005, Flexpoint Ford has completed investments across a broad range of investment sizes, structures, and asset classes. Flexpoint Ford has offices in Chicago, Illinois, and New York, New York. For more information, visit: www.flexpointford.com (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
|
