’s rights and income streams, is putting its portfolio up for sale as the market conditions that fueled a gold rush for music intellectual property rights cools.Opus is seeking around $200 million for its package of mostly passive income and royalty streaming rights, according to three sources with knowledge of the deal. Working with bankers from Raine Group, the group has fielded bids for several months, two of those sources said.
Representatives from Opus and Raine Group did not respond to requests for comment. A spokesperson for Elliott declined to comment.was not able to independently value Opus’ catalog. However, according to a source familiar with the deal, Opus’ catalog had $16 million in net publisher’s share, and at the time the deal was done, the Juice WRLD rights had at least $9 million in annual royalties — publishing and artist royalties combined — according to another source.
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