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Message: [QUOTE="Queen, post: 86593, member: 27"] Indie pop royalties just shifted hands, and Bella Figura grabbed a chunk of The Drums’ back catalog as it flexes harder in the US. Bella Figura snaps up Jonny Pierce catalog [LIST] [*]Bella Figura Music secured Jonny Pierce’s publishing rights. [*]Acquisition covers releases through the Encyclopedia album. [*]Early records like Summertime! and Portamento fall inside. [*]Money alone has pulled over 471 million Spotify streams. [/LIST] The Drums’ evolution and streaming pull [LIST] [*]The Drums started in Brooklyn around 2008. [*]Pierce later reshaped the act into a solo vehicle. [*]Spotify shows more than 4 million monthly listeners. [*]Bella Figura praised the catalog’s moody surf-pop mix. [/LIST] US push and leadership hires [LIST] [*]London-based Bella Figura expanded into the US last year. [*]Gary Gersh stepped in as Chairman during that move. [*]Gersh previously worked at Capitol Records and Geffen Records. [*]At those labels, he brought in Nirvana and Sonic Youth. [/LIST] Company war chest and prior buys [LIST] [*]Founded in 2022, Bella Figura Music was launched by Alexi Cory-Smith. [*]Neelesh Prabhu partnered with the former BMG UK president. [*]Firm says roughly 160 million dollars went into rights deals. [*]Jeepster Recordings sold a sizable catalog stake weeks ago. [/LIST] Catalog neighbors and funding muscle [LIST] [*]Pierce’s songs join RAK Music Publishing assets. [*]Individual classics like I Love Rock ‘n’ Roll sit inside. [*]April 2024 brought fresh equity backing from Freshstream and OPTrust. [*]Investors also feature a family office and a Dutch PE group. [/LIST] [/QUOTE]

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