MusicBird To Buy More Music Rights Securing $100 Million Term Loan Facility
Written by Mere Moto on February 27, 2023
MusicBird AG, a Swiss-based music rights investment firm, founded in 2020 has signed a term loan facility with a capacity up to $100 million. With publishing rights from hitmaker J.R. Rotem (Rihanna, Jason Derulo, Fall Out Boy) and master income and publishing rights from Shaggy already part of their acquired catalog, the firm is hoping to invest even further in music.
According to their announcement the company is focused on becoming a “boutique house of hits,” with a highly selective portfolio of “evergreen” songs. They are open to all types of genres and regions when considering new catalogs and hopes to harness technology to help grow music revenue.