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Murray Stassen
Verified
Editor and Writer, Music Business Worldwide
London
Beats
lifestyle etc. entertainmentMusic
Content
Charles Goldstuck’s GoldState raises $500m to buy music rights, with investment from Northleaf Capital and Ares Management
By Murray Stassen Verified| Music Business Worldwide Verified GoldState Music, founded in 2022 by Charles Goldstuck, has raised USD $500 million to acquire more music rights. According to the announcement on Thursday (April 17), the strategic capital raise includes “a structured capital facility” co-led by Northleaf Capital Partners and Ares Management funds, as well as “separately raised leverage”. Additional terms of the private transaction were not disclosed. Goldstate’s new backer Ares Management Corporation is a giant of the alternative investment space.
By Murray Stassen Verified| Music Business Worldwide Verified Sony Music Entertainment (SME) has promoted Kevin Foo to the role of Managing Director for Southeast Asia (Philippines, Indonesia and Thailand), effective immediately. In this role, Foo will oversee what SME calls “some of Southeast Asia’s fastest growing music markets,” and will lead the company’s efforts “to drive growth, champion artist development, and deepen engagement with audiences across these key countries”.
Charles Goldstuck’s GoldState raises $500m to buy music rights, with investment from Northleaf Capital and Ares Management
By Murray Stassen Verified| Music Business Worldwide Verified GoldState Music, founded in 2022 by Charles Goldstuck, has raised USD $500 million to acquire more music rights. According to the announcement on Thursday (April 17), the strategic capital raise includes “a structured capital facility” co-led by Northleaf Capital Partners and Ares Management funds, as well as “separately raised leverage”. Additional terms of the private transaction were not disclosed. Goldstate’s new backer Ares Management Corporation is a giant of the alternative investment space.
Company Info
Music Business Worldwide
London, United Kingdom