Music Industry Moves: Seeker Music Closes $267 Million ABS to Grow Catalog; Warner Records Nashville Promotes Five and Hires One

By Jem Aswad

Jem Aswad

Executive Editor, Music

Latest

• Music Industry Moves: Seeker Music Closes $267 Million ABS to Grow Catalog; Warner Records Nashville Promotes Five and Hires One 30 minutes ago
• Olivia Dean, Lola Young, Lily Allen Among Nominees for Ivors Academy Songwriters’ Awards 1 day ago
• Shore Fire Media Names Angela Barkan CEO as Founder Marilyn Laverty Elevates to Chairman 2 days ago

Seeker Music Group, the music rights, publishing and record company led by songwriter Evan Bogart has successfully closed its inaugural $267 million asset backed securitization, with backing from international savings and investment business M&G. Backed by Seeker Music’s portfolio, the notes were rated by Fitch, Kroll, and S&P. Barclays acted as sole structuring and lead placement agent, with MUFG serving as joint placement agent. The deal enables Seeker to continue expanding its music catalog, invest in talent and modernize its rights management through technology.

Related Stories

‘The Saviors’ Review: A Passable But Timely Genre Mystery Rooted In Islamophobic Fears