 | |
| Type of business | Subsidiary |
|---|---|
| Founded | 2012 |
| Headquarters | Los Angeles, California, United States |
| Area served | Global |
| Founder(s) | Jason Peterson and Barry Daffurn [1] |
| Services | Music distribution, marketing, funding |
| URL | cinqmusic |
| Native client(s) on | Apple Music, iTunes, Spotify, Amazon, Google Play, Vevo |
Cinq Music Group is a record label, distribution, and music publishing business. It is a private subsidiary of GoDigital Media Group headquartered in Los Angeles, California, United States. [2] [3] The company is divided into four divisions: recording, a record label, publishing, distribution, and catalog. [4] As of 2022, it licenses approximately 47,000 recordings. [5]
The GoDigital Media Group subsidiary was created in 2012 [6] by Jason Peterson and Barry Daffurn. [1] At the time, it was GoDigital Media Group's largest acquisition. [7] In 2017, GoDigital Media Group invested $20 million into Cinq to expand to other genres. [8] [9] Cinq's first major non-Latin project was in 2018, when it recorded and distributed an album for Janet Jackson. [6] It also spent half of the $20 million in funding [10] to purchase the recordings catalog of the rapper T.I. [11]
The parent company invested another $40 million into Cinq to acquire additional licensing rights in 2019. [12] That investment was subsequently used to purchased the Beluga Heights Record Label, including the catalog of Jason Derulo. [10] [7] Over time, Cinq expanded from being a Latin music distributor to a music label, creator, and rights management firm for a wider range of genres. [13]
GoDigital Media Group continued to invest in Cinq, funding $100 million in 2022 [5] and $250 million in 2024, funding a series of acquisitions and acquiring catalog rights of the late producer Flow La Movie. [14] [15]