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.
Category: Featured, Publishing
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Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.View Author Profile
