Bridgepoint Credit has entered into a strategic partnership with Rezonate Music Rights to invest up to $150m (approximately £111m) capital to support a pipeline of catalogue acquisitions.
Rezonate Music Rights is a platform that acquires the royalty rights of top music producers worldwide. It was co-founded by platinum-selling songwriter Cam Blackwood.
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The company has already acquired the rights to the catalogues from producers for top artists including David Guetta, The Weekend, Dua Lipa, Lewis Capaldi, Ed Sheeran and Taylor Swift.
“With Bridgepoint’s support, we gain substantial firepower that will enable us to significantly accelerate our growth plans and continue to set new standards in the industry, ensuring that producers are at the heart of every decision we make,” said Blackwood.
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“Rezonate offers a rare combination of high-quality income streams, downside-protected entry points and scalable platform dynamics in one of the most exciting corners of the entertainment economy,” added Rohit Dhote, partner and co-head of credit opportunities at Bridgepoint.
“This is a compelling opportunity to build a differentiated royalty platform from the ground up.”
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