New York-based music and entertainment investment firm Influence Media Partners has acquired a portfolio of copyrights from the catalog of Grammy-nominated singer/songwriter Julia Michaels.
This acquisition follows last month’s news of the company’s deal to buy copyrights from the catalog of Grammy-nominated, multi-platinum songwriter Ali Tamposi.
Influence Media Partners launched a fund in March to invest in what it described as “award-winning catalogs of some of music’s most influential female music creators”.
The fund, co-founded with Municipal Employment Retirement System (“MERS of Michigan”), carries an initial value of up to $100 million in investable capital.
The deal with Michaels includes a portfolio of select copyrights from her catalog both as a solo artist and songwriter for other musicians.
This includes Michaels’ publishing stake in her own songs, such as Issues, I Miss You (with Clean Bandit), Carry Me (with Kygo) and Friends (with Justin Bieber & BloodPop).
The deal also includes songs performed by Selena Gomez (Bad Liar, Hands To Myself), Justin Bieber (Sorry), Ed Sheeran (Dive), Janelle Monae (Make Me Feel), Bryce Vine (Drew Barrymore), Nick Jonas (Close, with Tove Lo), Hailee Steinfeld (Love Myself), P!nk (Barbies), Linkin Park (Heavy, with Kiiara), Gwen Stefani (Used To Love You), Britney Spears (Do You Wanna Come Over?), Fifth Harmony (All In My Head [Flex] with Fetty Wap), Maroon 5 (Help Me Out) and more.
Financial terms of the deal were not disclosed.
As a songwriter, Michaels has co-written 25 titles that have charted on the Billboard Hot 100, 14 of which have hit the Top 40.
In February 2021, Michaels signed a new publishing deal with Universal Music Publishing Group for future compositions.
In March, she received her second career Song of the Year nomination at the 63rd GRAMMY Awards, and on April 30 released her full-length debut album Not In Chronological Order.
“Like Carole King, Sia and Bruno Mars before her, Julia Michaels belongs in the pantheon of great songwriters.”
Lylette Pizarro, INFLUENCE MEDIA
Lylette Pizarro, Founder and Co-Managing Partner of Influence Media, said: “Like Carole King, Sia and Bruno Mars before her, Julia Michaels belongs in the pantheon of great songwriters who can write classics for themselves as well as other artists.
“We’ve wanted to be in business with Julia since the days we were first founded in 2018, and are thrilled that her team took a chance on us in what was a very competitive deal-making process.”
“I’m excited and proud that my music will continue to touch new people for years to come through their expertise.”
Michaels said: “I’m excited to team up with Lylette, Lynn and the Influence Media team to put some of my favorite songs from the first chapter of my career into the trusted hands of two badass female execs.
I’m excited and proud that my music will continue to touch new people for years to come through their expertise.”
“Julia is one of the most influential artists of the past decade.”
Lynn Hazan, INfluence Media
Lynn Hazan, Co-Managing Partner of Influence Media, said: “Even in 2021, it’s extremely rare in the music business to work with an all-female team on a deal of this magnitude on both sides of the table.
“Working with Julia, her manager Beka Tischker, her attorney Renee Karalian and our counsel Lisa Alter to bring this partnership to life has been a delight every step of the way.
“Julia is one of the most influential artists of the past decade, and we couldn’t be more honored to be entrusted with her fantastic catalog.”Music Business Worldwide