Recent off a $360-million debt financing spherical backed by music rights, Affect Media Companions has introduced a partnership with artist and producer DJ Khaled.
The deal entails the creation of two new joint ventures between Affect Media and Khaled, involving We The Finest Music Group, the file label, writer and manufacturing firm based by Khaled.
The JVs will concentrate on growing and producing content material for movie and TV, and “secur[ing] legacy-defining business ventures,” in keeping with a press launch on Tuesday (April 29).
Affect Media Companions says it has additionally acquired the recording and publishing rights to DJ Khaled’s catalog in partnership with We The Finest.
Monetary phrases of the deal weren’t disclosed. Citing a supply, Selection experiences that deal “is within the low nine-figure vary”.
Affect Media stated in an official press launch that it’ll “increase business alternatives for DJ Khaled with title, picture and likeness (NIL) rights.”
The corporate stated its technique to boost DJ Khaled’s profile and drive new fan engagement entails model partnerships and movie and TV content material offers. It stated there are a number of movie initiatives already underway as a part of the partnership.
“Affect Media was based on the precept that music can transfer tradition, and few entertainers embody this greater than DJ Khaled,” Affect Media Founder and Co-Managing Associate Lylette Pizarro stated.
“Our three way partnership NIL deal and prolonged catalog partnership is an alliance that can create boundless alternatives for this inventive genius, and also will additional set up that DJ Khaled is a uncommon expertise whose skills prolong far past the normal confines of music. His huge creativity, coronary heart, and drive are matched solely by his savvy enterprise instincts and that’s the reason the chances of what we are able to construct collectively on this collaboration are immeasurable.”
“I’m proud that my legacy will proceed to resonate and join with audiences world wide with this partnership via Affect Media. These iconic recordings I’ve created will proceed to be curated in essentially the most optimum method to affect tradition with practically twenty years of music,” DJ Khaled stated.
“As well as, I’m excited for the world to see and expertise the movie and tv initiatives Affect and We The Finest are growing and producing collectively. This subsequent section of my profession shall be stuffed with ground-breaking cultural affect, and I stay up for being on the forefront in all classes.”
“Our three way partnership NIL deal and prolonged catalog partnership is an alliance that can create boundless alternatives for this inventive genius.”
Lylette Pizarro, Affect Media
Over the course of a two-decade profession, DJ Khaled – the stage title of Khaled Mohammed Khaled – has offered some 20 million singles and 6 million albums, and racked up greater than 4 billion streams. As an artist and producer, he has seen greater than 50 tracks on the US Billboard Scorching 100, together with the 9x Platinum No. 1 hit I’m The One ft. Justin Bieber, Quavo, Probability the Rapper, and Lil Wayne; Popstar feat. Drake and the double-Platinum No Brainer ft. Justin Bieber, Probability the Rapper, and Quavo, and lots of others.
DJ Khaled has collaborated with artists starting from Jay-Z to Rihanna, and his 2017 album Grateful was licensed double-Platinum within the US, whereas his 2019 album Father of Asahd garnered a Platinum certification and have become DJ Khaled’s third consecutive top-two debut on the Billboard 200.
“DJ Khaled has had so many iconic eras in his profession to this point, and we couldn’t be extra excited to construct ‘one other one’ via this first-of-its-kind partnership,” stated Rene McLean, Affect Media Associate and CEO of SLANG, the frontline label that Affect launched final yr.
“A lot in the identical method that every one the highest artists think about a DJ Khaled collab a significant profession milestone, we consider this as an enormous step ahead for SLANG.”
The partnership with DJ Khaled comes after Affect Media introduced earlier this yr it had secured $360 million in debt financing via the corporate’s first securitization of music rights.
Among the many artists whose music rights Affect has invested in over time are Enrique Iglesias, Blake Shelton, Logic, Future and others. The corporate has additionally invested within the rights of producers and songwriters resembling Julia Michaels, Tyler Johnson, Ali Tamposi, 30 Roc, and Dre Moon. It additionally boasts distribution offers with Will Smith, Camper, Leaf, Underachievers, Isaia Huron and others.
The corporate says it has revamped 30 investments in music rights, together with NIL rights, go-forward publishing rights, and go-forward recorded music rights.Music Enterprise Worldwide
