Artist administration corporations Seven20 and AYITA have joined forces to create The Circuit Group, a brand new IP-focused enterprise.
May there nonetheless be IP gold to be panned? The Circuit Group is a collaboration between music trade veterans from artist administration corporations Seven20 and AYITA, with a give attention to mental property.
Based by Seven20’s Dean and Jessica Wilson alongside AYITA’s Brett Fischer, David Grey, and Harvey Tadman, the brand new enterprise’s mission is to construct enterprise alternatives for artists’ IPs. The Circuit Group goals to amass 50% possession in artists’ IP portfolios and companion with them to construct alternatives in a wealth of verticals inside the music enterprise, along with conventional artist administration.
“The engine on the heart of every thing within the music enterprise is the track,” mentioned Dean Wilson, CEO and co-founder of The Circuit Group, and longtime supervisor of EDM darling deadmau5. “At The Circuit Group, we’re constructing a community of companies round IP, placing artists’ creativity on the heart, and fascinating and sustaining them over the long run. This ensures that artists proceed to share in each income stream accessible to them and in the end offers them extra management over their destinies than conventional enterprise fashions have supplied them.”
The group plans to make catalog acquisitions of as much as 50% of an artist’s track catalog to not solely present a direct income for artists, however to incentivize them to work alongside the corporate to create extra alternatives across the IP.
The Circuit Group will use this IP-centric enterprise mannequin to spend money on or companion with different corporations, serving to them leverage artists’ songs in varied areas corresponding to recorded music, publishing, merchandise, model offers, gaming, occasions, Web3, new music applied sciences, and extra.
“I’ve labored with artists for almost 30 years,” mentioned Brett Fischer. “What’s being constructed at Circuit is thrilling as a result of we get to actually push the boundaries on every artist’s enterprise and get them the credit score they deserve. The corporate’s mission is great. It offers us managers extra info to make the precise strikes whereas constructing these manufacturers with a long-term objective in thoughts.”
Altogether, The Circuit Group boasts grasp and publishing rights to over 3,000 songs, totaling over 5 billion mixed streams, that includes artists like Chris Lake, deadmau5, FISHER, HoneyLuv, NERO, and Ninajirachi. The corporate has workplaces in Los Angeles, Miami, and London.