Announces Acquisition Of Music Catalogs From Today’s Top Artists, Songwriters & Producers Including Wiz Khalifa, Florida Georgia Line, Brett James, Mia Fieldes, Philip Lawrence & Malay
NEW YORK, NY – April 29, 2021: Tempo Music Investments (“Tempo”), an investment platform for premium music rights, announced today the acquisition of music catalogs from some of today’s biggest artists, songwriters and producers including multi-platinum-selling, GRAMMY® Award and Golden Globe® Award-nominated recording artist Wiz Khalifa, GRAMMY® Award-nominated country duo Florida Georgia Line, GRAMMY® Award-winning songwriter Brett James and GRAMMY® Award-nominated singer-songwriter Mia Fieldes. Tempo has also acquired catalogs from top producers including GRAMMY® Award-winning songwriter, producer and CMNTY Culture founder Philip Lawrence (“24k Magic” & “Uptown Funk“ Bruno Mars, “All I Ask” Adele, and more) and GRAMMY® Award-winning songwriter, producer, engineer and Frank Ocean collaborator Malay.
“In the 18 months since Tempo was launched, we’ve quietly been making strategic acquisitions from some of today’s top song-writing talent,” said Josh Empson, Tempo Chief Executive Officer. “Today, I’m excited to announce that Tempo has built a diverse, best-in-class portfolio, with significant investible capital to keep growing.”
“I’m excited to partner with Tempo Music,” said Wiz Khalifa. “Their approach to artists and music is impressive as well as collaborative. I’m looking forward to our continued growth.”
Tempo was launched in 2019 with $650 million in buying power, funded by Providence Equity Partners, a premier private equity firm specializing in the media, communications, education, software and services industries, in partnership with Warner Music Group. A new platform to promote recording artists and songwriters across the globe, Tempo’s first acquisitions included selected copyrights of GRAMMY® Award-winning songwriters Jeff Bhasker, Shane McAnally and Ben Rector. With 15 nominations and five GRAMMY® wins including Producer of the Year, Bhasker has worked with some of the biggest names in the business. McAnally is a three-time GRAMMY® Award-winner and seven-time nominee who also serves as Co-President of Monument Records. Independent artist Rector is a rising singer-songwriter with success in licensing music across numerous TV shows, national ad campaigns and movie trailers.
“Tempo has quickly become a leading investment platform with a diverse range of catalogs that allows artists the opportunity to continue to participate in the business of their catalog moving forward,” said Rob Walker, Tempo Senior Advisor. “We are musician friendly and innovative in the way we approach the music. We are thrilled to be partnering with a myriad of talent and support their art.”
For more information on Tempo, please visit https://tempomusic.com.
About Tempo Music Investments
Tempo is an investment platform for premium music rights. Guided by the idea that premium content provides attractive returns for all, Tempo exists to support, invest in, and build value around the creative ecosystem. Tempo’s investment decisions are driven by a disciplined approach, informed by both art and science, that focuses on delivering compelling financial results while empowering the artists and creators who drive our culture. In less than two years, Tempo has quickly become one of the leading music investment platforms acquiring catalogs from today’s top artists and producers including Wiz Khalifa, Florida Georgia Line, Shane McAnally and more.
About Providence Equity Partners
Providence Equity Partners (“Providence”) is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit [www.provequity.com ](https://www.provequity.com).
