Flaunt Weeekly
Flaunt Weeekly Let the catalog acquisitions continue: One year after partnering with Flexpoint Ford, Charles Goldstuck’s GoldState Music has reportedly closed $200 million worth of music IP investments.
Nearly three-year-old GoldState just recently confirmed the sizable song-rights purchases (but not the exact value thereof) via its website. Said website also bills Create Music Group as part of GoldState’s growth portfolio; Flexpoint and Goldstuck injected $165 million into Create over the summer, but the corresponding announcement didn’t mention GoldState by name.
Evidently, however, the West Palm Beach-based “private investment firm with a primary focus on the music sector” has been making moves. Beginning on the personnel side, notwithstanding a relative lack of media coverage, that includes promotions (like upping Ben Chaiken to senior research analyst in May) as well as several hires.
Expanding on the latter, Billboard has pointed to GoldState’s acquiring the IP of Amplified Music Rights (AMR) earlier in 2024. GoldState reposted the appropriate piece on its website, and the buyout is seemingly not limited to AMR’s catalog.
To be sure, AMR CEO Tamara Conniff is now GoldState’s chief creative officer, and Lydia Yerrick revealed on LinkedIn that she’d transitioned from an executive role on AMR’s team to become GoldState’s VP of legal and business affairs. Plus, AMR social media and royalty analysis manager Justin Mandel joined GoldState’s team as a marketing consultant, to name a few examples.
Though the transaction’s precise financials haven’t been publicly disclosed, once again, we’ve covered a number of AMR’s catalog deals over the years.
This refers but isn’t limited to the work of multiple Christian songwriters and artistsFitz and the Tantrums keyboardist Jeremy Ruzumnaand The Lovin’ Spoonful co-founder John Sebastian.
Also part of GoldState’s reported $200 million in song-rights deals is the catalog of Catch Point Rights Partners, according to the mentioned source. Per its website, Catch Point possesses interests in works recorded by Ariana Grande, Blink-182, Avril Lavigne, Kygo, Lionel Richie, Gwen Stefani, Queens of the Stone Age, and many others.
Contrasting the above-highlighted personnel shifts from AMR to GoldState, Catch Point, on the other hand, reportedly retained a portion of its song rights and intends to utilize remaining capital to scoop up more catalogs yet moving forward.
While time will tell whether additional investments are in the cards for Catch Point, the music IP arena certainly isn’t without deep-pocketed purchasers heading into 2025. A one-stop searchable database, DMN Pro’s Music IP Acquisition Tracker compiles catalog transactions alongside a variety of pertinent details.