Today (April 19), GoDigital has confirmed that it’s investing its largest funding round yet into Cinq – USD $100 million – in order for Cinq to “purchase music rights, both masters and publishing, and to further its international expansion”. In a press release, GoDigital confirmed that its music portfolio is backed by Bank of America as lead lender, with East West and Union Bank rounding out the syndicate.
Source: Cinq Music raises $100m from parent GoDigital to buy music rights, expand internationally