NEW YORK (CelebrityAccess) — Unbiased document label Higher Noise Music introduced the sale of half of fifty % of their present catalog to personal fairness investor RAVEN Capital as a part of what CEO Dan Waite and President Steve Kline characterize as a “nine-figure” deal.
The deal encompasses titles from Awolnation, Papa Roach, Escape The Destiny, Buck Cherry, The Hu, Dangerous Wolves, Soiled Heads, Drowning Pool, Hellyeah, Nico Vega, Chilly, and Attica Riots, and different content material from throughout the label’s 20 yr historical past.
The sale, which was closed in 2022, was not beforehand reported as a consequence of non-disclosure agreements, and the way now formally been confirmed by the label.
“The sale of half of the Higher Noise Music catalog in 2022 signifies that lots of our ambitions for acquisition and growth at the moment are potential as Arduous Rock and Different offers are ending at different labels, Higher Noise Music is turning into the pure dwelling for these acts that need main label outcomes with indie label sensibilities and a spotlight to element. We now have the deep pockets to spend on world advertising and marketing and promotion in each USA plus Worldwide that enormous acts count on,” stated CEO Dan Waite.
Label CFO Harris Masood stated that the capital infusion from the transaction supplies funds to increase the label’s employees and fuels potential acquisitions of different labels and catalogs whereas persevering with to service their frontline shoppers.
“Higher Noise Music has been the #1 Billboard Arduous Rock imprint yr on yr, and the #1 Energetic Rock Radio label for 5 of the final six years. We’re growing The Funeral Portrait and can break them like we did with Nothing Extra, Dangerous Wolves and From Ashes to New, and we proceed to develop established acts like Asking Alexandria, giving them their first two no 1 hits of their lengthy profession. We now have extra new signings we’re enthusiastic about to announce later in 2024,” President/COO Steve Kline added.