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Influence Media Partners completes acquisition of Anthem Entertainment’s catalogs in deal valued at over $600M
Influence Media Partners has completed its acquisition of substantially all of Anthem Entertainment’s assets in a deal valued at more than $600 million, backed by funds and accounts managed by BlackRock. The purchase expands Influence Media’s music and entertainment holdings, including publishing rights, film and television assets, and master recordings.
The catalogs cover stakes in more than 24,000 released songs and 60,000 unreleased works. They include tracks by The Weeknd, Britney Spears, Justin Timberlake, Timbaland, Rush and OneRepublic, as well as music featured in Spider-Man and Breaking Bad. The deal was announced in July and was reported to have attracted a bid of just over $650 million.
In short
- Influence Media completed a deal valued at more than $600 million.
- The acquisition adds rights to over 84,000 released and unreleased works.
- BlackRock-backed funds and accounts supported the transaction.