Cinq Music Group Explained

Cinq Music Group is a record label, distribution, and publishing business. It is a private subsidiary of GoDigital Media Group headquartered in Los Angeles, California, United States.^{[1] [2]} The company is divided into four divisions: recording, a record label, publishing, distribution, and catalog.^[3] As of 2022, it licenses approximately 47,000 recordings.^[4]

The GoDigital Media Group subsidiary was created in 2012^[5] by Jason Peterson and Barry Daffurn.^[6] At the time, it was GoDigital Media Group's largest acquisition.^[7] In 2017, GoDigital Media Group invested $20 million into Cinq to expand to other genres.^{[8] [9]} Cinq's first major non-Latin project was in 2018, when it recorded and distributed an album for Janet Jackson. It also spent half of the $20 million in funding^[10] to purchase the recordings catalog of the rapper T.I.^[11]

The parent company invested another $40 million into Cinq to acquire additional licensing rights in 2019.^[12] That investment was subsequently used to purchased the Beluga Heights Record Label, including the catalog of Jason Derulo. Over time, Cinq expanded from being a Latin music distributor to a music label, creator, and rights management firm for a wider range of genres.^[13]

GoDigital Media Group continued to invest in Cinq, receiving $100 in 2022 and $250 million in 2024, funding a series of acquisitions and acquiring catalog rights of the late producer Flow La Movie.^{[14] [15]}

External links

• Official website

Notes and References

1. Web site: Tencer . Daniel . Cinq Music invests in Street Mob Records, fortifying its position in regional Mexican genre . Music Business Worldwide . June 21, 2023 . December 23, 2023.
2. Web site: Mitú Acquired By Fellow LatinX Digital Media Purveyor Latido Networks . Tubefilter . February 21, 2020 . December 23, 2023. Geoff. Weiss.
3. Web site: More than music . Cinq Music . December 11, 2023 . December 25, 2023.
4. Web site: 2022-04-19 . Cinq Music raises $100m from parent GoDigital to buy music rights, expand internationally . 2022-06-26 . Music Business Worldwide. Tim. Ingham .
5. Web site: Cobo . Leila . Cobo . Leila . How a Latin Music Startup Landed Janet Jackson, As Other Distributors Broaden Their Horizons . Billboard . August 24, 2018 . December 23, 2023.
6. Web site: Cinq Music Group . Music Business Worldwide . January 17, 2021 . September 25, 2024.
7. Web site: Ingham . Tim . September 4, 2020 . Cinq Music Group acquires Beluga Heights label, including Jason Derulo catalog, in eight-figure deal . December 26, 2023 . Music Business Worldwide.
8. Web site: 2017-10-23 . No Limit founder Master P joins Cinq Music as President Of Urban Music . 2022-05-26 . Music Business Worldwide .
9. Web site: Rys . Dan . Master P Named President of Urban Music at Cinq Music: Exclusive . Billboard . October 18, 2017 . December 23, 2023.
10. Web site: Ingham . Tim . Cinq Music parent GoDigital acquires Sound Royalties in ‘high eight-figure’ deal . Music Business Worldwide . September 13, 2021 . December 23, 2023.
11. Rys . Dan . 2017-11-09 . Cinq Music Acquires T.I. Catalog, Plans 'Paper Trail' Reissue: Exclusive . 2022-05-26 . Billboard .
12. Web site: 2019-08-13 . Cinq Music raises another $40m to buy music rights in masters and publishing . Tim. Ingham. 2022-05-26 . Music Business Worldwide .
13. Cobo . Leila . 2017-08-11 . Cinq Music to Expand Latin Operation With $20 Million Infusion From GoDigital . 2022-05-26 . Billboard.
14. Web site: Tencer . Daniel . May 9, 2024 . After raising $250m for acquisitions, Cinq Music buys catalog of producer Flow La Movie . September 25, 2024 . Music Business Worldwide.
15. Web site: Peoples . Glenn . Cinq Music Lands Another $250 Million to Fund Acquisitions . Billboard . February 13, 2024 . September 25, 2024.