The Deals: GoDigital Announces $230M in New Financing; Thin Lizzy Co-Founder’s Estate Teams With Primary Wave

Another day, another flood of music industry deals. How does one keep track? In an effort to provide an overview of the latest acquisitions, mergers, joint ventures, licensing agreements and more, Billboard publishes a list of all of the latest pacts that have hit our radar every other Thursday.

Intellectual property rights management company GoDigital announced financing of $230 million from Bank of America, Mitsubishi UFJ Financial Group, East West Bank, First Horizon, Fifth Third and Flag Star, bringing the company’s capital raised to date to more than $1 billion. The announcement coincides with the rebranding of GoDigital from GoDigital Media Group to three distinct divisions: GoDigital Music, Networks and Brands. Additionally, the company’s Cinq Music is currently undergoing a rebrand that will include a new name. GoDigital will also develop “multiple other genre-specific imprints,” according to a press release.

According to GoDigital, its music division has a catalog of more than 80,000 assets, including those of record label Beluga Heights, which boasts catalogs including Jason Derulo, T.I., Daddy Yankee and producer-songwriters José Ángel Hernández (aka Flow La Movie) and Jimmy Robbins (who recently contributed to Morgan Wallen‘s I’m the Problem album).

“GoDigital is a powerful brand because its vision and purpose are anchored in inspiring happiness by sharing creativity,” said Jason Peterson, chairman & CEO of GoDigital, in a statement. “This financing, led by Bank of America, further validates GoDigital Music’s strategy of focusing on durable culturally significant artists and repertoire from large and fast growing markets around the world.”

See below for the rest of the latest music industry deals.