Since establishing a $750 million fund with BlackRock and Warner Music Group, Influence Media Partners has acquired another multi-million dollar company.
The Grammy-winning rapper Future’s publishing library has been acquired by the US-based music and rights company Lylette Pizarro formed in 2019. The deal, which the company refers to as a “eight-figure” contract (costing between $10 million and $99 million), was not disclosed.
Influence Media stated in a statement on Tuesday that “the remarkable repertoire marks the company’s latest eight-figure acquisition and expands on the company’s dedication to investing in modern evergreens and solidifying hip-hop and R&B’s high value in the music rights marketplace” (September 20).
The deal includes 612 titles from the Atlanta rapper, singer, and producer’s publishing catalog, which spans the years 2004 to 2020. These include his top-charting singles with Drake like “Life Is Good” and “Jumpman,” as well as collaborations with Kendrick Lamar on “King’s Dead,” Rihanna on “Selfish,” and The Weeknd (Low Life).
Future’s own solo songs, like as Mask Off, are also included in the agreement.
For his work in R&B and hip-hop, Future is best recognized.
Future has released eight studio albums, four collaborative albums, one reissued album, one soundtrack, 16 mixtapes, four commercial mixtapes, and 114 singles throughout the first 16 years of his career.
He has landed 129 singles on the Billboard Hot 100, including four top 10 successes and two No. 1 hit recordings, while six of his albums have peaked at No. 1 on Billboard’s Hot 200 chart.
Additionally, Future performed on Saturday Night Live and Ellen. In 2019, he shared the Best Rap Performance Grammy with Jay Rock, Kendrick Lamar, and James Blake for King’s Dead.
Future is an iconic figure in culture, according to Rene McLean, Influence Media Partner and Founding Advisor. He continues to serve as an example of impact and success in the music business and has completely reimagined the genre.
With his distinctive voice and melodic technique, McLean continued: “It is unusual to find someone who moves music and culture at the same rate. His lengthy career and ongoing popularity more than 15 years later are proof of his obvious effect on the field of modern music and society.
Future’s music library was acquired roughly seven months after Influence Media established a $750 million fund with Warner Music Group and asset management juggernaut BlackRock (not to be confused with Hipgnosis sponsor Blackstone) to purchase holdings in music copyrights.
According to Influence, the business has invested through this fund in more than 20 catalogs from artists such as Puerto Rican songwriter-producer Tainy, singer-songwriter Julia Michaels, writer Ali Tamposi, the The Stereotypes, singer-songwriter Jessie Reyez, and singer-songwriter Skyler Stonestreet.
The Wall Street Journal stated that Influence Media had already spent $300 million from the fund to purchase 20 catalogs, including that of Tainy, who is most known for his work on singles by Bad Bunny, J Balvin, Rosala, and Shawn Mendes. This was back when the fund was first announced in February.
He collaborated with Kanye West as executive producer on the sensational Donda 2, contributing to two tracks.
“Future is a legendary artist in our eyes. He appeals to a variety of populations. Lynn Hazan, co-managing partner of Influence Media, expressed her excitement about the alliance: “We’re really happy about this partnership; it’s a fitting complement to our increasing repertoire of outstanding talent and promotes our forward-thinking goal.