Metallica is one of several parties involved in a new multi-million dollar investment venture focused on acquiring song catalogs, Variety reports.
The Worldwired IP Fund, the latest in a new breed of acquisition ventures focused on music rights, is expected to have resources worth between $300 and $500 million. Song catalogs — specifically classic-rock catalogs — will comprise a significant portion of the venture’s portfolio, though the Worldwired Fund says it is interested in other kinds of intellectual property as well.
While Metallica is not spearheading the fund, the fund’s name — perhaps...
The Worldwired IP Fund, the latest in a new breed of acquisition ventures focused on music rights, is expected to have resources worth between $300 and $500 million. Song catalogs — specifically classic-rock catalogs — will comprise a significant portion of the venture’s portfolio, though the Worldwired Fund says it is interested in other kinds of intellectual property as well.
While Metallica is not spearheading the fund, the fund’s name — perhaps...
- 7/8/2020
- by Jon Blistein
- Rollingstone.com
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