Cinq Music Group

Last updated
Cinq Music Group
Cinq Music logo.png
Type of businessSubsidiary
Founded2012
Headquarters Los Angeles, California,
United States
Area servedGlobal
Founder(s) Jason Peterson and Barry Daffurn [1]
Services Music distribution, marketing, funding
URL cinqmusic.com
Native client(s) on Apple Music, iTunes, Spotify, Amazon, Google Play, Vevo

Cinq Music Group is a record label, distribution, and 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, receiving $100 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]

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References

  1. 1 2 "Cinq Music Group". Music Business Worldwide. January 17, 2021. Retrieved September 25, 2024.
  2. ↑ Tencer, Daniel (June 21, 2023). "Cinq Music invests in Street Mob Records, fortifying its position in regional Mexican genre". Music Business Worldwide. Retrieved December 23, 2023.
  3. ↑ Weiss, Geoff (February 21, 2020). "Mitú Acquired By Fellow LatinX Digital Media Purveyor Latido Networks". Tubefilter. Retrieved December 23, 2023.
  4. ↑ "More than music". Cinq Music. December 11, 2023. Retrieved December 25, 2023.
  5. 1 2 Ingham, Tim (2022-04-19). "Cinq Music raises $100m from parent GoDigital to buy music rights, expand internationally". Music Business Worldwide. Retrieved 2022-06-26.
  6. 1 2 Cobo, Leila; Cobo, Leila (August 24, 2018). "How a Latin Music Startup Landed Janet Jackson, As Other Distributors Broaden Their Horizons". Billboard. Retrieved December 23, 2023.
  7. 1 2 Ingham, Tim (September 4, 2020). "Cinq Music Group acquires Beluga Heights label, including Jason Derulo catalog, in eight-figure deal". Music Business Worldwide. Retrieved December 26, 2023.
  8. ↑ "No Limit founder Master P joins Cinq Music as President Of Urban Music". Music Business Worldwide. 2017-10-23. Retrieved 2022-05-26.
  9. ↑ Rys, Dan (October 18, 2017). "Master P Named President of Urban Music at Cinq Music: Exclusive". Billboard. Retrieved December 23, 2023.
  10. 1 2 Ingham, Tim (September 13, 2021). "Cinq Music parent GoDigital acquires Sound Royalties in 'high eight-figure' deal". Music Business Worldwide. Retrieved December 23, 2023.
  11. ↑ Rys, Dan (2017-11-09). "Cinq Music Acquires T.I. Catalog, Plans 'Paper Trail' Reissue: Exclusive". Billboard. Retrieved 2022-05-26.
  12. ↑ Ingham, Tim (2019-08-13). "Cinq Music raises another $40m to buy music rights in masters and publishing". Music Business Worldwide. Retrieved 2022-05-26.
  13. ↑ Cobo, Leila (2017-08-11). "Cinq Music to Expand Latin Operation With $20 Million Infusion From GoDigital". Billboard. Retrieved 2022-05-26.
  14. ↑ Tencer, Daniel (May 9, 2024). "After raising $250m for acquisitions, Cinq Music buys catalog of producer Flow La Movie". Music Business Worldwide. Retrieved September 25, 2024.
  15. ↑ Peoples, Glenn (February 13, 2024). "Cinq Music Lands Another $250 Million to Fund Acquisitions". Billboard. Retrieved September 25, 2024.
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