A billion-dollar catalog machine just doubled down on AI-first songwriting economics, signaling money and leverage are shifting toward hybrid labels fast.
Create Music Group dealmaking streak
Create Music Group dealmaking streak
- Create Music Group reached a $1 billion valuation in 2024.
- Funding totaled $165 million during that investment round.
- Acquisitions expanded catalogs, labels, and joint ventures.
- Backing extended to a $500 million Circuit Group fund.
- Romel Murphy partnered with Create Music Group on dai + drm.
- Venture operates as a hybrid AI and traditional label.
- Songwriters keep equity across masters and publishing.
- Strategy pushes AI tools without surrendering control.
- Xania Monet operates under manager Romel Murphy.
- Telisha Jones generated music using Suno inputs.
- Spotify plays passed 11 million for one track.
- Monthly listeners reached 1.2 million on Spotify.
- dai + drm signed Solomon Ray and Nova Sole.
- Traditional artists include Jenneske, Renee Harmoni, and IME Casino.
- Jonathan Strauss publicly backed Murphy’s leadership.
- Partnership reflects long-term belief in AI-driven growth.
