Spirit Music Group Obtains $50 Million in Funding
Spirit Music Group has obtained $50 million in new capital commitments from Fortress Credit Corp. This brings Spirit’s total capital raised since 2012 to more than $100 million. The company plans to use the capital to acquire additional music rights, including publishing and masters, as well as to increase its roster of catalogs, A&R activities and to further expand internationally.
“Spirit Music Group is on an aggressive growth path. We are pleased that Fortress has shown confidence in Spirit’s current business, staffing and vision to partner with us as we enter this exciting next phase of Spirit’s growth,” said Spirit Music Group Chairman David Renzer.
Spirit Music Group’s global network currently includes offices in New York, London, Los Angeles, Nashville and the Netherlands.
- CMA Honors Robert Deaton With Chairman’s Award - December 4, 2020
- Nashville Symphony, Nashville Musicians Association Reach Agreement - December 4, 2020
- Zach Williams’ “Chain Breaker” Is Most-Added On ‘MusicRow’ CountryBreakout Radio Chart - December 4, 2020
Leave a Reply
Want to join the discussion?Feel free to contribute!