Create Music Group Raises $450 Million in New Round of Funding

Create Music Group (CMG), the large-scale diversified music company, has raised $450 million in its latest funding round. This brings its total value to $2.2 billion.

Follow the money:

• CMG was worth $1 billion less than two years ago.

• Last month, the company announced a $300 million investment in Nettwerk Music Group.

• In the past year, CMG has invested over $500 million in acquisitions, advances, and other growth initiatives.

• CMG has also launched a $500 million investment fund with The Circuit Group.

• Investment firms Ares Management and 2 Mile are now minority stakeholders following their contributions to the recent round.

• Create's founders are still majority owners.

Create’s assets:

• CMG’s portfolio includes the digital marketing agency Flighthouse, music distributor Label Engine, and many record labels such as Monstercat, !K7 Music, Cr2 Records, and Broke Records.

What they said:

• CMG Co-Founder and CEO Jonathan Strauss: “This capital will not only accelerate our roadmap, expanding our footprint in media, IP, and technology, but also empower our partners to build generational businesses that redefine culture and value creation across the global entertainment ecosystem.”