Business & Investment

Roundhill Music Loyalty Fund diversifies exposure by acquiring O’Jays catalog

The board said the acquisition of Roundhill will diversify its portfolio and increase its exposure to classic R & B and Seoul.

According to the 2018 Catalog Loyalty Statement, streaming will make up 64% of the catalog’s revenue structure, with the rest consisting of 3% physics, 10% downloads, 17% sync, and 6% from other sources. It’s-2020.

In terms of geographic exposure, he said, 88% of revenue comes from the United States and the rest comes from other countries.

Round Hill Music Royaly Fund makes its first acquisition as it seeks further funding

The board of directors said: “Due to commercial sensitivity, the company cannot disclose financial details each time an acquisition occurs.

“However, once the $ 86.5 million C-share funding investment is complete, the company will make further financial disclosure of the acquisition, along with the remaining unused balance of the existing revolving credit line.”

The O’Jays top songs ranked by revenue were “Love Train,” “Forever Mine,” and “For the Love of Money,” which were used as theme songs for US reality shows. apprentice..

The band first appeared on the charts in 1963 with the song “Lonely Drifter”.

Trevor Bowen, a fund chair, said:

“The addition of the O’Jays catalog further diversifies artists, genres, vintages and types of income, making it a welcome addition to our growing portfolio. Investment managers are properly implementing a compelling pipeline. I’m glad to be there. Opportunity “

The O’Jays is known to many as “one of Philadelphia’s leading figures in the 70’s soul scene,” said Josh Gruth, chairman and chief executive officer of Roundhill, the company’s investment manager. He said he was.

“We are delighted to have this very high quality catalog that makes a great addition to the breakthrough portfolio of timeless music we are building for RHM and supports a predictable and consistent source of revenue. “Masu,” added Gruss.

Roundhill Music Loyalty Fund diversifies exposure by acquiring O’Jays catalog

https://www.investmentweek.co.uk/news/4037759/round-hill-music-royalty-fund-diversifies-exposure-acquisition-jays-catalogue Roundhill Music Loyalty Fund diversifies exposure by acquiring O’Jays catalog

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