Another company is entering the crowded market for music rights. Well, HarbourView Equity Partners has a wider focus than just music: it’s planning to invest in entertainment rights too, with a team that has experience in film, TV and sports alongside music.
In an interview with the New York Times, founder and CEO Sherrese Clarke Soares says that HarbourView has $1bn to spend, courtesy of backing from another investment firm Apollo Global Management, and that it will be looking for deals in areas that she thinks have been under the radar or undervalued by existing music rights investors.
“We want to invest differently, not coloured by preconceived notions. Just because something is in the R&B sector, or in the Latin sector, we don’t believe that it should have a discount,” said Clarke Soares, who previously founded and ran another investment firm, Tempo Music.