Music Industry Funding Nears $5 Billion in 2024, Catalog Sales Lead Growth
The music industry is approaching $5 billion in funding for 2024, with catalog acquisitions driving significant growth. Core funding reached $4.64 billion, showing a slight increase from 2023, primarily due to major catalog-related transactions.
Key Catalog Transactions in 2024:
- Hipgnosis: $1.5 billion asset-backed securitization
- Iconic Artists Group: Over $1 billion funding
- Concord: $850 million asset-backed securitization
2025 with flowers on black background
Emerging Trends and Sectors:
Superfan Platforms (11% of 2024 raises):
- Notable investments in Mellomanic, Tune.fm, FanCircles, Hangout, and Trax
- Universal Music's decade-long Hybe deal including Weverse app integration
- Upcoming Spotify Deluxe tier focused on superfans
- Expected market consolidation through 2025-2026
Live Entertainment & Ticketing (13% of core raises):
- Significant funding for Seat Unique and TickPick
- Blockchain ticketing advances through Celebratix
- Posh targeting small event market segment
Future Outlook:
- Continued catalog acquisitions expected, though available inventory may be limited
- Increased competition in superfan sector likely leading to consolidation
- Potential market disruption in ticketing and live entertainment spaces
- Growing investment interest across various music industry subsectors
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