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Madrid, March 9, 2023.
Larrosa Music Group, leading consulting firm in financing and technology for the Spanish-speaking music industry, obtains 15 million euros for the purchase of catalogs, and deployment of advances for catalogs in the Spanish-speaking market
This investment has been led by investors from the United States and Spain, and it is expected that as a result of it, the door will be opened to the purchase of mainstream catalogues, leaving a credit option of up to nine figures. Cristian Larrosa, CEO of Larrosa Music Group, has announced that this investment will allow the company to capture new catalogues, purchase future royalties, deploy advances and issue songshares. Songshares is the first SEC-regulated fractional royalty product in the United States, and will be a key tool in managing the company's acquired catalogues. Thanks to them, rights holders can sell a fraction of any royalty stream from a song directly to their fans or music investors. Larrosa has highlighted that raising this capital is the most important step for the company since its inception in 2020. , and which comes at one of its best moments, where they will not only be promoting the music financing unit by being pioneers in the Spanish-speaking market of financial operations with music, but will also give visibility to other projects in development such as its blockchain platform for recording , certification and control of the use of musical works in addition to several important alliances with innovation and training communities within the industry, and collaboration in the institutional area with some governments. The Larrosa Music Group announcement comes at a time when the industry music is experiencing a boom all over the world. Investment in catalogs and copyright management have become key areas of growth in this sector, and Larrosa Music Group has been able to position itself over the years to lead this process in the Spanish-speaking industry."This investment is a reflection of the confidence that investors have in our business model and in our ability to lead the Spanish-speaking music market.We are excited for what the future holds, and we are committed to continuing to innovate and lead the market in the coming years. coming years", affirms Cristian. With this investment, Larrosa Music Group is laying the foundations for a future full of changes but with great potential in the music industry.
Contact Contact name: Alba Pelegrin Contact description: Alba Pelegrin Contact telephone number: 34634289059