With tracks by REO Speedwagon, KISS, and more, the MOJO catalog contains shares of 89 Billboard No. 1 hits.
The acquisition by Round Hill, which also purchased a stake in Big Loud Shirt founder Craig Wiseman's song rights, brings its ownership stake to 100%.
The deal, which was three years in the making, includes classics like "Time of the Season" and "She's Not There."
Catalog owners and estate administrators are turning to AI-driven tech to make music freshly available for remixes, samples or synch placements.
The LA-based distribution and payment company said it will offer more advances to artists who use their catalogs for backing.
The music icon's recordings earn around $3.7 million annually in streams and synchs, Billboard estimates.
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Detroit techno legend Kevin Saunderson and Russian DJ-producer ARTY are among the fund's first catalog acquisitions.
Citrin Cooperman partner Nari Matsuura oversaw roughly 750 catalog valuations worth more than $15.5 billion between 2021 and 2022.
The producer, writer and artist has worked on hits like "Bad and Boujee," "Heartless," "Congratulations," "Creepin'," "Knife Talk" and more.
