Symphonic Eyes Catalog Acquisitions and Artist Financing with Symphonic NEXT

Tampa-based music technology and services company Symphonic has launched Symphonic NEXT, aimed at connecting independent artists, labels and managers with catalog financing, royalty advances and acquisition opportunities, as per Music Business Worldwide.

Areas of focus:

• Symphonic NEXT will operate across three areas.

• Firstly, it will offer royalty advances based on catalog performance.

• In addition it will offer catalog optimization, an initiative designed to increase catalog value ahead of a potential sale that covers metadata cleanup, revenue audits, DSP visibility, marketing and playlisting strategies, and rights administration.

• Finally, it will pursue full or partial catalog acquisitions.

• Symphonic CEO Jorge Brea told Music Business Worldwide that through the NEXT program it has partnered with “well-capitalized investors who are actively deploying into music assets,” providing access to $100 million in capital.

Leadership:

• The program will be led by Michelle Garramone, the former President of Blue Rose Music who joined Symphonic earlier this year as Head of Strategic Partnerships.

• It marks the company’s first dedicated push into catalog deals and strategic partnerships, expanding beyond distribution.

What they said:

• Jorge Brea, Symphonic CEO: “Symphonic NEXT is a natural evolution of our platform and the work we’ve already been doing to support our clients beyond distribution. We’ve grown our capabilities around advances, catalog strategy, and deal structuring, and we see a clear opportunity to continue expanding in this area. Our goal is to provide independent artists, labels, and managers with access to capital and partnerships that help them build long-term, sustainable businesses.”