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It’s Official: Influence Media to Buy Anthem for Over $600 Million
['Elizabeth Dilts Marshall']
Billboard
“This acquisition marks a major milestone for Influence Media and reflects the momentum we’ve built as a platform,” Lylette Pizarro McLean, Influence Media founder & co-managing partner, said in a statement.
Billboard reported in June that Influence Media partners bid slightly above $650 million to beat around a dozen competing offers for Anthem’s music assets.
Paul Braude, CIO of direct private opportunities group at BlackRock, described Anthem’s catalog as “the high-quality, scaled intellectual property assets” BlackRock looks for.
“Influence Media has built a differentiated platform with deep industry expertise and strong talent relationships, and we are pleased to broaden our partnership through this transaction,” Braude said in a statement.
Anthem Entertainment CEO Jason Klein, said Anthem built a diverse collection of songs over its two decades.