<\/p>\n
Photo Credit: GoDigital Music<\/p>\n<\/div>\n
Intellectual property rights management company GoDigital, through its Los Angeles-based music division GoDigital Music<\/a>, has announced another new capital raise, confirming $230 million from an assortment of investors for over $1 billion raised to date.<\/p>\n The significant funding, from investors including Bank of America, Mitsubishi UFJ Financial Group, East West Bank, First Horizon, Fifth Third, and Flag Star, marks another step forward in the company\u2019s aim to strengthen its footprint and solidify its position as a leader in IP rights management.<\/p>\n The news comes alongside a restructuring of the GoDigital brand, shedding its former \u201cMedia Group\u201d identity and leaning into its focus on music, networking, and brands with three new divisions aptly named GoDigital Music, Networks, and Brands.<\/p>\n To reflect its shift to encompass distribution, publishing, record label, and catalog innovation, Cinq Music is undergoing a rebrand. This will include a new name, which will be relaunched in the near future, alongside the development of multiple other genre-specific footprints.<\/p>\n GoDigital\u2019s flagship music division has been a growing force in the acquisition space, with a catalog that includes well over 80,000 assets spanning numerous music genres, major artists, and multi-platinum hits. Among those, the company fully acquired record label Beluga Heights, which included Jason Derulo\u2019s recording catalog, T.I.\u2019s recording catalog<\/a>, Daddy Yankee\u2019s complete repertoire, the catalog of the late producer and songwriter known as Flow La Movie, and the publishing of producer and songwriter Jimmy Robbins of Morgan Wallen<\/a> fame.<\/p>\n\u201cGoDigital is a powerful brand because its vision and purpose are anchored in inspiring happiness by sharing creativity. This financing, led by Bank of America, further validates GoDigital Music\u2019s strategy of focusing on durable, culturally significant artists and repertoire from large and fast-growing markets around the world,\u201d shared Jason Peterson, GoDigital Chairman and CEO.<\/h4>\n