Music Industry Funding Nears $5 Billion in 2024, Driven by Catalog Acquisitions
The music industry is approaching $5 billion in funding for 2024, with catalog acquisitions driving significant growth. Core funding reached $4.64 billion, showing a slight increase from 2023.
Catalog Funding Dominates 2024
- Hipgnosis led with $1.5 billion asset-backed securitization
- Iconic Artists Group secured over $1 billion
- Concord obtained $850 million ABS
2025 with flowers on black background
Key Trends and Developments
Superfan Platform Competition
- Superfan startups represented 11% of 2024's industry raises
- Notable investments in Mellomanic, Tune.fm, FanCircles, Hangout, and Trax
- Universal Music partnered with Hybe for Weverse app
- Spotify Deluxe tier launching in US market
Live Entertainment and Ticketing
- Comprised 13% of core music industry raises
- Significant funding for Seat Unique and TickPick
- Emerging players like Celebratix and Posh targeting niche markets
Future Outlook
- Continued catalog sales expected in 2025
- Potential consolidation in superfan sector
- Increased competition in live entertainment and ticketing
- Questions remain about investor appetite for additional catalog investments
Billie Eilish singing at Fire Aid
Drake holding a microphone
The industry shows signs of continued growth, with potential shifts in market dynamics across catalog acquisition, fan engagement platforms, and live entertainment sectors for 2025.
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