Sources say the label, put up for auction in the fall of last year, is being shopped by the Raine Group, the investment bank and advisory firm that’s closed a number of recent big music deals, including Downtown Music Publishing’sInitially, Ginsberg was said to be looking for a deal that would allow him to continue running the label with its full catalog intact.
Rostrum and Raine Group declined to comment and neither would disclose with whom they’re nearing a deal. While sources now say the deal is priced at upwards of $80 million, some familiar with the deal give the catalog a $65 million valuation.estimates label revenue, after deducting production and distribution fees, at about $4 million to $5 million in 2021.
So they can put it on Spotify & make fifty bucks off it over the next few years. Remember, music is supposed to be free. GenZ Millennials SpotifyCharts BrokeDickMusician
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