Founding Partner, Catch Point Rights Partners
Formerly, Chief External Affairs Officer and Chief Corporate Development Officer at SoundExchange the digital sound recording rights agency, overseeing the artist relations, global public policy and communications teams and the company’s expansion into new lines of business. Previously, a senior executive at Broadcast Music, Inc. (BMI) for more than 20 years, serving as Senior Vice President Corporate Strategy, Communications & New Media. Launched BMI’s global digital rights licensing division, managed corporate communications and oversaw the firm’s global corporate strategy and planning efforts. Served on the Board of Directors of The Canadian Musical Reproduction Rights Agency Ltd where he was Chair of the Management Committee and on the Board of Directors of SXWorks. M.A. in Communications Management from the Annenberg School of Communications at the University of Southern California; B.A. in English from Boston College.
CLE: The New Music Acquisitions Market
10/16/20, 4:00 PM
The M&A market for music catalogs and companies has evolved significantly over the past few years. New buyers are entering the marketplace on a regular basis, with funding from a range of domestic and foreign investors. Writers and rights owners who had not considered selling are now rethinking those decisions as sale multiples continue to increase. As the economic impact of streaming continues to develop, valuation models continue to evolve in ways that are more favorable to sellers, especially of more recent material. All of this is complicated by the COVID-19 crisis and its current and predicted effect on licensing income and the consumer market. This panel will cover how the M&A market continues to develop and how it is likely to be impacted by these changes to industry economics.