Rezonate Music Rights Launches With $150M To Buy Producer Royalties
Secures backing of $150 million from Bridgepoint Credit
Rezonate Music Rights (RMR) has launched with a focus on acquiring music producer royalty rights. It has the backing of $150 million from Europe's Bridgepoint Credit.
Who's Involved
Rezonate is the brainchild of producer Cam Blackwood (George Ezra, Tom Walker, Jack Savoretti) and London Stock Exchange senior exec Tom Tyler.
In addition to Blackwood's catalog, it has already acquired the rights from producers Lorna Blackwood (Dua Lipa, George Ezra), Mark Crew (Bastille, Rag'n'Bone Man), James Earp (Lewis Capaldi) and Jussi Karvinen, aka Jussifer (Kesha, Kelly Clarkson).
The Proposition
Rezonate claims to bridge "the worlds of music and finance, providing liquidity for producers, and delivering exceptional returns for investors."
As per its website, in addition to rights acquisitions, Rezonate also offers "funding and mentorship to emerging talent," "education, industry insights, and networking opportunities to producers," and "accurate and transparent music catalog valuations."
Rezonate claims the estimated value of producers' music catalogs is $20 billion.
What They Said
Blackwood and Tyler on the investment of Bridgepoint: "With such substantial firepower we can significantly accelerate our growth plans and continue to set new standards in the industry, ensuring producers are at the heart of every decision we make."
👋 Disclosures & Transparency Block
This story was written with information sourced from Rezonate’s website and reporting by Digital Music News.
We covered it because of the heightened interest in the music rights acquisitions sector.
