Cinq Music raises $250m from parent company GoDigital to acquire music rights

The significant capital raise arrives as heat appears to be reentering the blockbuster music rights acquisition space. Over the past seven days, Billboard has reported that Sony Music Group recently agreed to buy a 50% stake in Michael Jackson‘s publishing and recorded music catalog for $600 million-plus, while the long-running potential sale of Queen’s music rights is also reportedly picking up pace.

Source: Cinq Music raises $250m from parent company GoDigital to fund acquisitions – with an eight-figure ‘marquee’ catalog acquisition already in the pipeline