Cinq Music parent GoDigital acquires music finance company Sound Royalties

Los Angeles-headquartered GDMG has teamed with MEP Capital to acquire Sound Royalties, the music financing platform that pays out advances to artists and rights-holders based on predicted future royalty income. Peterson didn’t disclose the price of the deal but confirmed it was a “high eight-figure purchase” – i.e. tens of millions of dollars – backed by funding from MEP.

Source: Cinq Music parent GoDigital acquires music finance company Sound Royalties in ‘high eight-figure’ deal