{"id":577489,"date":"2023-06-06T05:12:31","date_gmt":"2023-06-06T02:12:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/south-koreas-beyond-music-raises-170m-for-more-catalog-acquisitions\/"},"modified":"2023-06-06T05:12:31","modified_gmt":"2023-06-06T02:12:31","slug":"south-koreas-beyond-music-raises-170m-for-more-catalog-acquisitions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/south-koreas-beyond-music-raises-170m-for-more-catalog-acquisitions\/","title":{"rendered":"#South Korea\u2019s Beyond Music Raises $170M for More\u00a0Catalog Acquisitions"},"content":{"rendered":"<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    South Korean music investment firm Beyond Music has added $170 million to its war chest for buying rights to evergreen Asian music.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The firm, which was founded in 2021, says the latest funding round brings Beyond Music\u2019s total amount of capital raised to nearly $400 million. It will use the fresh capital to further build out its music catalog, which currently counts over 27,000 songs, according to the company.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Beyond Music was launched in early 2021 by hit songwriter\u00a0Park Geun-tae alongside\u00a0entrepreneur Jang-won Lee, known for founding Mafia Company, a digital music platform for Asian music scores. Lee serves as the company\u2019s CEO.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In April 2021, Beyond Music closed a financing round worth 65 billion South Korea Won (about $50 million) from Korean institutional investors including KB Securities, Base Investment and Maven Growth Partners. Another 200 billion won ($160 million) round followed in December 2021, led by private equity firm Praxis Capital.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Praxis Capital again leads the new $170 million round, followed by \u201cseveral of the largest LPs in Asia,\u201d according to Beyond Music.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cPraxis Capital is well known for its successful track record in the content industry, and brings to the table not just capital, but \u2018smart capital\u2019 that delivers insight and shared vision,\u201d said Lee in a statement. \u201cHome to all-time hits comparable to the Bon Jovis, Led Zepplins and Whitney Houstons of Asia, Beyond Music has already established itself as the region\u2019s market leader with the deepest pockets, quantitative disciplines and proven value-up records. Through this investment, we hope to continue our purpose of serving Asia\u2019s most respected artists and their works.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Beyond Music describes its model as \u201cbuy and build,\u201d \u2014\u00a0acquiring large-scale, high-quality music catalogs and revitalizing those songs through \u201cproactive value enhancement strategies such as remakes, performance marketing and industry partnerships.\u201d<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/south-korea-beyond-music-catalog-acquisitions-1235507918\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean music investment firm Beyond Music has added $170 million to its war chest for buying rights to evergreen Asian music. The firm, which was founded in 2021, says the latest funding round brings Beyond Music\u2019s total amount of capital raised to nearly $400 million. It will use the fresh capital to further build&#8230;<\/p>\n","protected":false},"author":1,"featured_media":577490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/06\/GettyImages-1198765389-1.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[25196,124783],"class_list":["post-577489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-asia","tag-international"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/577489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=577489"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/577489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/577490"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=577489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=577489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=577489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}