Music Industry Moves: Concord Strikes $468 Million Deal for Round Hill Fund; Exceleration Acquires Redeye Distribution

According to Goldberg, the record company needed to act like a music publisher for new releases- putting up very little money but not trying to hold artists for long contract periods or to keep as much of the revenue. Advances would be $50k with a 40% revenue share after the advance. Losses in new releases are generally driven by expensive fixed he... See more

HIFI’s solution: HIFI is a financial rights organization for the music industry focused on helping its collective of music professionals achieve financial transparency and independence through education, advocacy, and tools. Its first product is a Royalties Dashboard which aggregates data from labels, distribution services, music publishers, and ot... See more

This has a significant impact on the competitive advantages of a firm in the market as it scales. When party rounds were the standard course for smaller seed firms, connections were the scarce skill set, enabling access to deals led by other reputable firms. As these funds have become larger and rounds have become increasingly tighter, conviction b... See more