Financial terms of the deal were not disclosed.
The Michaels acquisition is the second from Influence Media’s music fund with the Municipal Employees’ Retirement System (MERS of Michigan), which boasts $100 million in initial capital to invest in the recording and publishing rights of commercially proven songs. Its first joint acquisition, of select copyrights from songwriter Ali Tamposi’s catalog, was announced in April.
“Like Carole King, Sia and Bruno Mars before her, Julia Michaels belongs in the pantheon of great songwriters who can write classics for themselves as well as other artists,” said
Lylette Pizarro, founder and co-managing partner of Influence Media, in a statement. “We’ve wanted to be in business with Julia since the days we were first founded in 2018, and are thrilled that her team took a chance on us in what was a very competitive deal-making process.”
Ali Tamposi
Influence Media Partners, which launched as a stand-alone fund earlier this year with the backing of the Michigan Municipal Employment Retirement System, has invested in select copyrights from the song catalog of Ali Tamposi.
“Ali Tamposi is one of music’s most successful writers working today,” Influence Media founder and co-managing partner Lylette Pizarro said in a statement. “We feel honored and privileged to become the custodians of her masterful works, and we are committed to building on her growing legacy.”
“After meeting with Ali and her team, Lylette and I knew instantly that her songs had to be part of our first acquisition for our new partnership with MERS,” Influence Media co-managing partner Lynn Hazan said in a statement.