Michelman & Robinson announces very first chair in music acquisition and financing
NEW YORK, September 22, 2021 / PRNewswire / – Michelman & Robinson, LLP Named Music Industry Veteran Michael Poster as the firm’s very first Chair in Musical Acquisitions and Funding.
Nominated by Billboard as Top Music Lawyer for four consecutive years and Power Lawyer 2021 by Hollywood journalist, Poster is one of the few lawyers nationwide capable of bridging the gap between the music industry, on the one hand, and corporate, private equity, financing and mergers transactions and acquisitions, on the other hand. In fact, as head of the Corporate & Securities department of M&R, a national law firm based in Los Angeles, Poster has illuminated the way great musicians, record companies and music publishers run their businesses.
Commenting on the elevation of the poster, Sanford Michelman, president of M&R and co-founder of the firm, explains âMichael is one of the benchmark lawyers for industry players who are riding the wave of music publishing catalog acquisitions that have made the headlines in the world. over the past two years. I’m proud to say that he and his team are advising attendees on some of the most significant catalog transactions on record. The truth is, Michael himself is a ârock starâ.
The poster reports: âIn 2021 alone, we closed eight catalog deals and 10 more are in the process of closing. Their terms are confidential, but I can say this: Overall, the total consideration for these transactions exceeds $ 250 million for buyers like Vine Alternative Investments, Catch Point Rights Management, Pythagoras Music Fund and IIG Holdings. “
This deal flow follows Poster’s successful transactions processed in 2020, when he represented Vine in its acquisition of the pop / country songwriter and producer catalog. Sean douglas, whose credits include Demi Lovato “Sorry not sorry,” that of David Guetta “Hey Mama”, “Talk Dirty” by Jason Derulo and that of Thomas Rhett “Die a happy man”, thus his $ 100 million+ purchase of the catalog Calvin harris, one of the greatest screenwriters / producers / DJs in the world. This latest transaction was among the largest music publishing catalog transactions of 2020.
Poster, which operates from the robustness of M&R New York City office, reachable at [emailÂ protected]. Its client list also includes financial institutions, entertainment-focused investment and technology firms, and independent music companies, such as City National Bank, Concord Music Group, Spirit Music Group, Downtown Music Group, Cutting Edge Group. , Reviver Records, Film Score Records. , Pinnacle Financial Partners and ONErpm.
About Michelman & Robinson, srl
M&R is a national law firm headquartered in Los Angeles, with additional offices in Orange County (California), San Francisco, Chicago and New York City. The firm represents clients in a multitude of areas, such as complex litigation and class actions and employment, business and securities, regulation, white collar criminals, cybersecurity, privacy, real estate and bankruptcies. They do this for individuals and entities across all industries, including advertising and digital media, banking and financial services, cannabis, capital markets, hospitality, insurance, music and entertainment, retail and clothing and technology. For more information, please visit www.mrllp.com.
SOURCE Michelman & Robinson, srl