Shamrock Capital has acquired Stargate‘s music publishing catalog. No banking agreement were disclosed. Stargate is a songwriting and publishing duo comprised of Tor Hermansen and Mikkel Eriksen. The archive includes Grammy Award-nominated songs that accept been recorded by top artists such as Katy Perry, Rihanna and Beyonce.
Los Angeles – October 16, 2018 – Shamrock Capital, a Los Angeles based advance firm, today appear that its Ball IP Fund has acquired the music publishing archive from Tor Hermansen and Mikkel Eriksen, accepted as the songwriting and assembly duo, Stargate.
Shamrock acquired the archive through its Ball IP Fund which was formed to access absolute ball bookish acreage rights beyond the broader music, blur and television agreeable sectors of the industry. Agreement of the transaction were not disclosed.
The accord includes some of the better songs by top artists such as “Firework” by Katy Perry; “Diamonds,” “Rude Boy,” and “What ́s My Name” by Rihanna; “Irreplaceable” by Beyonce, as able-bodied as a all-inclusive archive of a pop hits from the aftermost 20 years. In one fell swoop, the advance close now owns 10 #1 songs from the Billboard Hot 100, three Grammy Song and Record of the Year nominations and added than 50 UK top 10 hits.
The LA-based Norwegians – Hermansen and Eriksen – accept formed with some of the best affecting artists of the aftermost decade and they are abnormally acclaimed for their 10-year alive accord with all-around superstar Rihanna. The Grammy and ASCAP Songwriter of the year-winning duo’s songs accept been alive in allowance amalgamate R&B, cyberbanking and burghal genres into the boilerplate complete of pop that dominates today’s charts.
“Tor and Mikkel are abounding songwriters and producers who accept created an amazing anatomy of assignment that will abide accordant for ancestors to come. It’s a advantage for us to accept had the befalling to assignment with them and access this absolutely different archive of music,” said Patrick Russo, Partner at Shamrock Capital. “This assorted archive complements our absolute music publishing and recorded music rights and advances our abiding action of architecture and captivation a portfolio of beloved properties.”
“This is a abundant time for music,” said Tor Hermansen of Stargate. “When you’re starting out in your bedchamber authoritative music, you accept no abstraction that 20 years after this can accept accurate value. We’re aflame and appreciative that Shamrock recognizes this amount and believes in our music.”
Mikkel Eriksen added, “Jason and Patrick at Shamrock apperceive their numbers, but they ́re additionally music-lovers. We feel assured that our life’s assignment is safe in their easily for years to come.”
About Shamrock Capital’s Ball IP FundShamrock’s Ball IP Fund is an advance agent managed by Shamrock Capital that acquires absolute ball bookish acreage rights beyond filmed entertainment, television programming, music publishing rights, recorded music masters, video amateur and added forms of ball content. The Ball IP Fund targets advance opportunities that acquire the afterward key characteristics (i) abiding acquirement streams that are generated beyond assorted administration platforms globally, (ii) anticipated post-release achievement characteristics and (iii) low alternation and animation to accepted bread-and-er trends.
About Shamrock CapitalShamrock Capital is a Los Angeles-based advance close with about $1.9 billion of assets beneath management, advance alone in the media, ball and communications sectors. Shamrock was originally founded in 1978 as the ancestors advance aggregation of the backward Roy E. Disney and has back acquired into an institutional money administrator with a arch accumulation of investors including award and alimony funds. Shamrock ally with able administration teams and takes an active, collaborative access to creating amount in anniversary investment. Shamrock’s accepted investments accommodate Appetize, Branded Cities, BTI Studios, FanDuel, INgrooves Music Group, Maple Media, Mobilitie, Omega Wireless, Pixellot, Screenvision Media, Silvergate Media and Wpromote. For added information, visit: shamrockcap.com.
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