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[QUOTE="Queen, post: 87890, member: 27"]
A fresh $450 million war chest just pushed Create Music Group's valuation to $2.2 billion, bankrolling an acquisition spree that already burned through half a billion last year.

Create Music Group bags $450M in new capital
[LIST]
[*]Create Music Group pulled in over $450 million combined.
[*]That round pegs the LA company's valuation at $2.2 billion.
[*]Founders still hold the majority ownership stake.
[*]Ares Management, 2 Mile, and Flexpoint Ford are minority backers.
[/LIST]
Acquisition binge topped $500M in twelve months
[LIST]
[*]Create dropped over $500 million on deals and advances recently.
[*]Monstercat, !K7 Music, and Cr2 Records all got scooped up.
[*]Catalog buyouts snagged Pack Records and Deadmau5's works.
[/LIST]
Nettwerk deal anchors the expansion strategy
[LIST]
[*]Create Capital is funneling $300-plus million into Nettwerk Music Group.
[*]Nettwerk's Vancouver-based management keeps independent control.
[*]Create grabs the controlling position in Nettwerk's music IP.
[*]Jonathan Strauss calls it their platform-builder playbook in action.
[/LIST]
Banking and leadership moves stack up
[LIST]
[*]Truist Securities and Banc of California co-arranged the financing.
[*]Mitchell Shymansky stepped in as Chief Data and Technology Officer.
[*]A joint-venture label with AI musician Xania Monet launched recently.
[*]Circuit Group's $500M-plus music fund has Create's backing.
[/LIST]
[/QUOTE]

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