Higher interest rates pulled valuations down while streaming and publishing growth pushed valuations higher, according to a report from Shot Tower Capital.
The deal covers “select” assets from the country star.
“As institutional investors, it comes down to what is your time horizon?” says Concord CEO Scott Valentine.
Also this week: Reservoir and PopArabia buy the RE Media catalog, Timbaland acquires a stake in lifestyle and vinyl brand 12on12 and more.
Irving Azoff's company acquires the legend's interest in her past sound recordings and compositions.
The multi-platinum producer sold copyrights to hits recorded by Rihanna, Maroon 5, Justin Bieber, Shawn Mendes and Camila Cabello.
The deal also includes the majority of the song catalog of his son, Grammy winner Gary Scruggs.
Billboard's Music & Money Dinner co-hosted by the NMPA on June 12 brought together some of the biggest names in the booming music investment market.
The company now looks to tap a “robust pipeline” of music asset opportunities and add to its more than 100,000 copyrights.
