US-based GoldState Music has made significant strides in the music rights arena with two strategic acquisitions. These purchases have expanded its portfolio and are set to bring in substantial returns. According to Billboard, the firm acquired catalogs from CatchPoint Rights Partners and AMR Songs for approximately $200 million. This move showcases GoldState's targeted approach in the music industry.

Unlock the Potential of Music Rights with GoldState's Acquisitions

Acquisition of CatchPoint Rights Partners' Portfolio

The CatchPoint Rights Partners portfolio is a treasure trove of notable tracks. Kanye West's "Flashing Lights," Sheryl Crow's "If It Makes You Happy," and Panic! At The Disco's "I Write Sins Not Tragedies" are just some of the gems within. Additionally, it covers music by Brantley Gilbert, Smash Mouth, and Avril Lavigne. These acquisitions not only add value to GoldState's portfolio but also bring a diverse range of musical styles.The active income from this portfolio comes from direct ownership of publishing rights and master recordings. Passive income, on the other hand, includes writer's shares and artist royalty streams. This mix of active and passive income ensures a steady cash flow for GoldState.

Acquisition of AMR Songs' Catalog

AMR Songs' catalog is equally impressive. It includes John Sebastian's entire Lovin' Spoonful songwriter's share, with hits like "Summer in the City" and "Do You Believe In Magic." The acquisition also encompasses Sebastian's solo catalog and rights to music from SOJA, Macy Gray, and Ivan Neville. AMR Songs launched in March 2023 and raised $100 million in backing from institutional investors.This acquisition further diversifies GoldState's holdings and gives it access to a wide range of musical talents. The combination of these two portfolios is expected to generate about $14 million annually, with $7 million coming from each.

GoldState Music's Founding and Leadership

GoldState Music was founded in 2022 by music industry veteran Charles Goldstuck. With extensive experience at major labels like Arista Records, Capitol Records, J Records, and RCA, as well as serving as president/COO of BMG and co-chairman of Hitco Entertainment, Goldstuck brings a wealth of knowledge to these acquisitions.After the acquisitions, Tamara Conniff and part of her team from AMR Songs have joined GoldState's staff. This infusion of talent further strengthens the firm's position in the music industry.

GoldState's Financial Backing and Growth Portfolio

GoldState's financial backing comes from prominent investors such as Flexpoint Ford, Pinnacle Financial Partners, and Regions Bank. This support has enabled the firm to pursue its aggressive expansion strategy.In addition to the music rights acquisitions, GoldState's growth portfolio includes the music and entertainment platform TouchTunes, where Goldstuck serves as executive chairman. It also includes The Sanctuary, a recording studio in The Bahamas founded by Goldstuck, and Los Angeles-based Create Music Group.In June, GoldState joined a $165 million funding round for Create Music Group with private equity firm Flexpoint Ford. This further highlights the firm's commitment to growth and expansion in the music industry.Music Business Worldwide has been closely following these developments and will continue to provide updates on GoldState Music's journey.