Oaktree Capital has paid $375 million to acquire a significant minority stake in Primary Wave some of which will be used to complete a new music rights fund.
Music Industry Moves: Warner Chappell Production Music Unveils New Studios in L.A. and Nashville Variety 1 hr ago
Warner Chappell Production Music has opened the doors to two new recording facilities: SkyLight Studios in Los Angeles and Sandtrack Sound in Nashville.
The WCPM team partnered with David Kotch of Criterion Acoustics to redesign SkyLight Studios, a former mastering lab located in Hollywood. The building is equipped to offer digital and analog recording capabilities with Pro Tools systems, a Neve console, vintage microphones, tape machines, and A-list outboard gear. The studio’s 500 square foot tracking room features a 9′ concert grand piano.
Dependable recurring income from digital music rights is attracting major investment from PE funds - Streaming has made song rights one of the most compelling emerging.