HarbourView Equity Partners reposted this
On the latest Music Business Worldwide (MBW) podcast, MBW founder Tim Ingham is joined by Sherrese Clarke Soares, founder and CEO of HarbourView Equity Partners. HarbourView has earned plenty of headlines since it was founded in 2021. Under Soares, the company has acquired premium recorded music and publishing assets performed by stars such as Wiz Khalifa, Nelly, Lady A, Florida Georgia Line and the late, great Christine McVie. One of HarbourView’s biggest deals to date is its reported $325 million purchase of SoundHouse Acquisitions LLC in 2022, a catalog that includes royalty streams for songs by artists such as Tech N9ne, George Jones and Trey Songz. HarbourView has made all of these acquisitions with the financial backing of Apollo Global Management, Inc., who partnered with Soares to launch the firm. (Apollo recently partnered with Sony Music Group via a $700 million investment which is believed to have partly funded Sony's buyout of Queen's catalog.) Over the past year, HarbourView has expanded its remit beyond music into other entertainment verticals, a good example being its investment in content company Mucho Mas Media, which produced the Netflix hit The Long Game. (It's also continued to buy in music: subsequent to Ingham's interview with Soares, Harbourview confirmed its acquisition of a select publishing catalog from Grammy-winning James Fauntleroy.) In March 2024, HarbourView announced a new source of funding for future deals, having secured $500 million in debt from KKR via a private securitization of its catalog of music royalties. Sherrese Clarke Soares is well-versed in the financialization of entertainment rights. Prior to starting HarbourView, between 2019 and 2021 she led Tempo Music, a pioneering music acquisition vehicle created with and bankrolled by Providence Equity Partners. Before that, she spent 10 years at Morgan Stanley, where – between 2017 and 2019 – she founded and led the development of the firm's entertainment, media and sports structured solutions platform. On this podcast, Ingham talks to Soares about HarbourView’s ambitions in the music and entertainment space, the apparent recent slowdown in streaming growth, the impact of elevated interest rates on music M&A, and much more. Read abridged/edited highlights from their conversation, or listen to the full podcast, here... Thanks to Voly Entertainment for the support. #Podcasts #musicbusiness #musicindustry