Scooter Braun simply acquired very severe about music publishing.
Last Tuesday, Zach Katz, BMG’s former President, confirmed the launch a brand new three way partnership group.
In partnership with Scooter Braun’s Ithaca Holdings and Ripple, Katz launched . The music business and tech funding group goals to allow proactive collaboration between music and expertise. Ripple’s Xpring will work carefully with Raised In Space to combine blockchain and the digital asset XRP to each profit and impression the music business.
The three way partnership funding group goals to information startup founders in creating options for the business, from inception to market completion. Katz, Braun, and Ripple consider Raised In Space can create efficient options for the business.
Now, Braun has confirmed a serious acquisition.
Going all in on music publishing.
Scooter Braun’s Ithaca Holdings has acquired Atlas Music Publishing.
Atlas Music’s shoppers embody Ariana Grande, Justin Bieber, Zac Brown Brand, Tori Kelly, and Dan & Shay, amongst others.
According to sources, Braun has lengthy shopped for a publishing firm to accumulate. The acquisition expands Ithaca’s publishing platform.
Atlas Music’s songwriter roster contains Brandi Carlile, Brian Howes, Dan The Automator, and Warren Haynes, amongst others. The writer’s shoppers additionally embody Toby Gad, the Van Halen catalog, and Ed Sheeran’s songs.
Last 12 months, Atlas had partnered with Mushroom Music Publishing for the territory Australia and New Zealand. Under the partnership, Mushroom administered works by Van Halen, Counting Crows, and John Legend, in addition to songwriters together with Alex Vargas, Toby Gad, and Coyle Girelli.
Richard Stumpf first launched Atlas in 2013. He beforehand served as President m Music US.
Unveiling the acquisition, Ithaca Holdings confirmed Atlas will proceed to work out its fices in Nashville, Los Angeles, and New York.
Speaking concerning the acquisition, Braun stated,
“Richard has constructed an unimaginable publishing enterprise with Atlas and we’re excited to convey him and his crew into the household. By working with Richard and his crew, we can have a direct line to some probably the most inventive writers making the publishing course of extra streamlined and private.”