Round Hill Music Aims to Raise $375 Million for IPO Next Month

  • 📰 Variety
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

New York-based publisher Round Hill Music is aiming to raise $375 million for its new royalty fund when it on the London Stock Exchange next month, according to reports in the U.K.’s Times and Musi…

According to the reports, it intends to purchase a portfolio of 120,000 songs from 40 catalogs by artists including the Beatles, Celine Dion and the Rolling Stones.

Round Hill was founded a decade ago by former Bear Stearns banker Josh Gruss, who had previously worked at Sony Music and Atlantic Records. In 2012, it bought the US rights to six early Beatles songs, including “She Loves You” and “I Saw Her Standing There,” and— which includes more than 100,000 copyrights as well as the Elvis Presley catalog — in 2018 for $245 million.

In addition to its New York HQ, Round Hill runs additional offices in Nashville, Los Angeles and London. In 2017, it acquired a majority stake in the sync operation, Zync, which is now its in-house sync division. The value of song catalogs has been on the rise since streaming services took hold in the 2010s, and has accelerated dramatically in the past two years, thanks in no small part to Hipgnosis Songs, which launched on the LSE in July of 2018 and has since spent more than $1 billion on catalogs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Who is Bill Burr's wife, Nia Renee Hill?Hill is an actor and fellow comedian who has voiced a recurring role in Burr's Netflix series 'F is for Family' since 2017. SundayPowetfulWord Turn away from anything that draws you close to this rebellious world Who is Bill Burr even? Who is Bill Burr?
Source: Newsweek - 🏆 468. / 52 Read more »

Turkish Cypriots to elect president in second roundUnofficial results show incumbent Mustafa Akinci and right-wing candidate Ersin Tatar trading the lead several times, but neither getting required majority to win outright.
Source: trtworld - 🏆 101. / 63 Read more »