Cinq Music, a subsidiary of GoDigital Media Group, has received a $250 million investment from GoDigital to fund acquisitions of music rights. This new funding adds to a previous investment of $160 million for the company that manages more than $300 million in assets. Cinq has a catalog of more than 80,000 marquee assets and several billion video and audio streams a month.
The distributor, record label and publisher plans to use the additional funds to continue its growth as a global independent music company, focusing on genres such as reggaeton, música Mexicana and afrobeat. Cinq counts artists including Bad Bunny, Daddy Yankee, Jason Derulo, Sean Kingston and T.I. among its repertoire.
With the funding, Cinq plans to launch a marquee catalog acquisition and establish itself as a major player in the country music genre. Alongside its expansion into a Nashville office, the company recently acquired catalogs from songwriters including Jimmy Robbins and Ryan Hurd.
