Leisure funding firm MediaNet Companions makes a big transfer into Latin music with a $20 million Music Acquisition Rights fund.
Latin American-based leisure funding firm MediaNet Companions (MNP) introduced the debut of the Music Acquisition Rights fund, a $20 million enterprise centered on buying and managing premier music belongings inside the Latin music trade. The fund has already secured the rights to an “in depth assortment” of songs carried out by artists together with Dangerous Bunny, Marc Anthony, Jennifer Lopez, and Ricky Martin.
By way of an funding distribution settlement with Capital, Crédito e Inversiones CCI, S.A., MediaNet Companions affords buyers an opportunity to have interaction in a worthwhile monetary construction, offering an alternative choice to US-based music funds. The enterprise not solely highlights the lasting recognition and world attain of Latin music, however showcases subtle funding alternatives rising from surprising locations.
Juan Aguerravere, Managing Companion at MNP, highlights the fund’s distinctive place in connecting journalists with specialists deeply rooted within the Latin music scene to offer insights into the nuances and challenges confronted by composers and artists within the area. Pedro Guzman, Government Artistic Director of the Music Fund, leads the strategic artistic course with years of expertise to assist unlock the songs’ “full potential.”
MediaNet Companions’ push into Latin music secures a second foothold for the funding firm, which has predominantly centered on the movie trade because the Dominican Republic continues to thrive as one of many quickest rising movie locations in Latin America. Along with Lantica Media, an organization offering studio services and manufacturing companies throughout the movie trade, MediaNet Companions has helped finance and produce unique content material for Spanish language audiences.
“We now have seen our unimaginable island thrive out of the movie trade,” mentioned Lantica Media COO Albert Martínez Martín. “You’ll not discover extra passionate individuals, higher infrastructure, and a incredible incentive, all in probably the most lovely place you may think about.”
For almost a decade, corporations like Netflix, NBC Common, and Paramount have utilized the Dominican Republic’s spectacular portfolio of areas because the backdrops of quite a few initiatives — a lot of which have been serviced by Lantica Media, along with the MediaNet Companions Funding Fund.