Pete Wentz Kevin Lyman Mark Hoppus Pop beautiful record band Music CEO Platform Pete Wentz Kevin Lyman Mark Hoppus

Verswire to Launch Publishing Arm With Kobalt, Secures $12.3 Million Investment From E.O.A. Productions and idobi Radio

Reading now: 948
variety.com

Thania Garcia Nearly two years after the idea became a reality, Verswire – a venture capital model alternative for signing musicians – has announced its forthcoming publishing arm, set to launch in 2024 in partnership with Kobalt Music Group.

With a $12.3 million investment from E.O.A. Productions (Enoch K. Osei-Acheampong and Nicole A. Parke) and idobi Radio, plus participating investors including Warped Tour founder Kevin Lyman and Foo Fighters tour manager Gus Brandt, Verswire is heading into the new year intending to expand its artist roster.

Current clients include pop band Beauty School Dropout and the freshly signed alt-rock duo Girlfriends comprised of Travis Mills and Nick Gross.

Verswire provides each of its clients a custom investment plan that includes funding, resources, tools, mentorship from a variety of music executives and “an ecosystem to own and operate their businesses within while allowing them to keep majority ownership of their masters,” per the company’s boilerplate.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA