Music rights investment company GoldState Music partners with private equity firm Flexpoint Ford to pursue music catalog acquisitions

US-based music rights funding agency GoldState Music has introduced what it describes in a press launch as a “important funding” and a brand new partnership with funds managed by non-public fairness Flexpoint Ford Asset Alternatives.

In keeping with the press assertion, the funding and partnership will see GoldState “speed up its technique of investing in music mental property property, together with full catalogs, influential copyrights, grasp recordings, and publishing rights”.

GoldState was launched in 2022 by music business veteran Charles Goldstuck, who, the press launch notes, brings “many years of music expertise to the agency”.

Goldstuck is the Co-Founder and Co-Chairman of Hitco Entertainment. The catalog of Hitco was offered to Concord in September 2022.

An entrepreneur and investor, Goldstuck can be the founding father of The Sanctuary at Albany, a  recording studio and music academy within the Bahamas.

Throughout his time as a music govt, Goldstuck has labored with artists together with Usher, Leona Lewis, Rod Stewart, Foo Fighters, Justin Timberlake, Britney Spears, Annie Lennox, and Maroon 5.

Flexpoint has roughly $7.7 billion of property beneath administration and focuses on privately negotiated investments within the monetary companies and healthcare industries.

The capital for the undisclosed funding in GoldState is being supplied by Flexpoint Asset Alternative Fund II.

Reed Smith served as authorized counsel to Flexpoint. Artisan One served as monetary advisor and Alston & Chook served as authorized counsel to GoldState.

As a part of the partnership, GoldState will supply new catalog acquisitions and handle the licensing, synchronization, and administration for the prevailing and bought copyrights.

GoldState says it was fashioned “to create a diversified portfolio of music copyrights and sound recordings, with a differentiated technique of buying rights from lively, well-known artists, writers and producers”.

The corporate notes that, in its first 12 months of operations, it has “efficiently acquired music rights from a number of artists and songwriters, spanning a number of genres, geographies, and asset sorts”.

“The capital from Flexpoint will permit us to speed up our technique and create a diversified portfolio of music property throughout varied artists and genres.”

Charles Goldstuck, GoldState

“GoldState goals to offer a house for lively music creators trying to monetize their present music property and concentrate on persevering with their artistic endeavors,” mentioned Charles Goldstuck, Founding father of GoldState.

“The capital from Flexpoint will permit us to speed up our technique and create a diversified portfolio of music property throughout varied artists and genres.”

“Charles has a robust pedigree inside the music business that allows him and the GoldState workforce to determine and purchase music rights with engaging efficiency trajectories.”

Mike Morris, Flexpoint Ford

Mike Morris, Managing Director of Flexpoint Ford added: “Charles has a robust pedigree inside the music business that allows him and the GoldState workforce to determine and purchase music rights with engaging efficiency trajectories.

“We proceed to see sturdy secular demand for music underpinned by elevated penetration of streaming and increasing avenues for music consumption, and we consider GoldState has the experience, expertise and deep dedication to artists wanted to develop a profitable and differentiated enterprise on this quickly evolving area.

“We’re thrilled to accomplice with Charles and the alternatives that lie forward for GoldState.”Music Enterprise Worldwide