Rostrum Pacific pulled $150 million from Crayhill Capital Management to buy up music catalogs, and the indie label outfit plans to scale up acquisitions through its SpaceHeater distribution platform. CEO Benjy Grinberg merged Rostrum Records, Fat Beats, Cantora Records, and SpaceHeater under one company back in 2023, and the catalog previously handled by ADA moved over to SpaceHeater for distribution.
Scott Margolin from Rostrum said the money lets them chase catalog deals at any size while building out what they already own. SpaceHeater uses AI-powered tracking tech to monitor how songs get used for training models, and the platform claims it delivers better transparency on compensation. Crayhill manages about $2.9 billion in assets, and they dropped over $500 million into media and tech deals across their portfolio.
Scott Margolin from Rostrum said the money lets them chase catalog deals at any size while building out what they already own. SpaceHeater uses AI-powered tracking tech to monitor how songs get used for training models, and the platform claims it delivers better transparency on compensation. Crayhill manages about $2.9 billion in assets, and they dropped over $500 million into media and tech deals across their portfolio.
