Beyond Music also tells us that it has deployed over $200 million<\/strong> on more than 100<\/strong> catalogs to date.<\/p>\n Those acquisitions have mostly taken place within Asia,<\/a> notably acquiring KNC Music, FNC Investment, and Interpark’s music catalog, which includes what Beyond Music says are “some of the most iconic songs in Korean music history”.<\/p>\n In December, Seoul-based\u00a0Beyond Music, which claims to be Asia\u2019s largest single music IP asset management company, branched out into the North American market, acquiring<\/a> the music catalog of Grammy-winning producer\/songwriter Greg Wells.<\/p>\n Wells has produced and written songs with the likes of Adele, Taylor Swift, John Legend, Dua Lipa, Quincy Jones and Katy Perry, among many others.<\/p>\n Today (April 11), we can reveal that the company also has its sights set on the Latin Music market, and has struck a music rights deal with Puerto Rican singer and songwriter Yandel (Llandel Veguilla Malav\u00e9).<\/p>\n According to Beyond Music, it has acquired the Latin Grammy Award-winner’s publishing interests and royalties, his share of performance royalties and neighboring rights royalties for an undisclosed sum.<\/p>\n Beyond Music CEO Jangwon Lee told us that the company has “multiple deals in our Latin (and of course, global non-Anglo) pipeline at various stages but would be more comfortable disclosing them upon closing”.<\/p>\n Beyond Music claims that the Yandel deal “is the first of its kind by an Asian music company” and that it is the first company from Asia to have\u00a0 “acquired [a] Latin popstar\u2019s catalog directly, beside[s] HYBE\u2019s recent acquisition<\/a> of Latin music label Exile Music in Nov 2023″.<\/p>\n Commenting on why Beyond Music has decided to invest in Latin Music at this time, Jangwon Lee pointed to the Latin Music’s recorded music revenue growth in the US.<\/p>\n “Latin music is growing at an unprecedented pace in the US, hitting all-time high of $1.1 billion in 2022 and a remarkable 15% YoY growth for the first half of 2023, according to the RIAA report,” he said.<\/p>\n He added: “Meanwhile, Latin Pop and K-pop are the two fastest-growing sub-genres that are becoming more distinctive in the global music market. As an avid supporter of non-Anglo music consumption, we would like to accelerate the growth of those sub-genres in our own way.”<\/p>\n Beyond Music was set up in early 2021 by hit songwriter\u00a0Park Geun-tae plus<\/span> Jangwon Lee, who founded \u201cMapiacompany,\u201d which is claimed to be Asia\u2019s<\/span>\u00a0largest digital music score platform.<\/p>\n In April 2021, the company completed a financing round worth 65 billion South Korea Won ($51m<\/strong>) from Korean institutional investors including KB Securities, Base Investment, Maven Growth Partners<\/p>\n
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