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Message: [QUOTE="Queen, post: 86490, member: 27"] A $300 million-plus cash injection is landing at a Vancouver indie that's letting its bosses buy themselves out while handing catalog control to a LA heavyweight. Nettwerk scores backing from Create Capital [LIST] [*]Create Music Group is dropping over $300 million into the deal. [*]The buyout lets Nettwerk's management team grab a bigger ownership slice. [*]Create Capital is taking control of the catalog and IP assets. [*]Extra funding and support services will roll out after the close. [/LIST] Terry McBride keeps the indie running day to day [LIST] [*]McBride co-founded the company back in 1984 with Mark Jowett. [*]He's staying on as CEO to handle signings and artist development. [*]The label works across recordings, publishing, and artist management operations. [*]Past roster highlights include Coldplay for the US market and Dido. [/LIST] Create Music Group has been buying up catalogs nonstop [LIST] [*]Jonathan Strauss runs CMG and co-founded the LA-based operation. [*]Flexpoint Ford pumped $165 million into Create during 2024. [*]Recent purchases include Germany's !K7 and deals with Pack Records. [*]CMG also backed a $500 million fund through Circuit Group. [/LIST] Flexpoint Ford connects both companies through separate investments [LIST] [*]The private equity firm led Nettwerk's 2023 funding round. [*]Beedie Capital and Vistara Growth were existing investors at that time. [*]Flexpoint Ford valued Create at over $1 billion in its 2024 round. [*]Some previous investors might be exiting through this management buyout structure. [/LIST] [/QUOTE]

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