Cinq Music Group, a Los Angeles, CA-based technology driven music distribution, record label, and rights management company, raised 40m in Series C funding.
GoDigital Media Group, a media and technology investor focused on intellectual property rights management, made the investment.
The company will use the funds to purchase music rights, both masters and publishing, and to further expand internationally.
Led by President Barry Daffurn, Cinq Music Group is a technology driven music distribution, record label, and rights management company whose releases have won Grammy Awards, earned dozens of RIAA Gold & Platinum certifications, and received a nomination as Billboard Latin Urban Label of the Year.
Led by Chairman and CEO Jason Peterson, GoDigital Media Group is a diversified multi-national holding company focused on investing in technology enabled intellectual property rights management through its operating subsidiaries:
– Cinq Music,
– Latido Music,
– AdShare and
which provide capabilities in IP acquisition, distribution, and collection marketing locally popular content to global audiences.
GoDigital content is streamed over seven billion times per month.