New York-based music and entertainment investment firm Influence Media Partners has acquired songwriter Skyler Stonestreet’s songwriting catalog in what the firm describes as a “multi-million dollar transaction.”
Stonestreet has written hits for Justin Bieber and Ariana Grande, Dua Lipa, The Chainsmokers, Hailee Steinfeld, Marshmello, Tate McRae, Sabrina Carpenter, and Lennon Stella, among others.
Influence Media Partners launched a fund in March 2021 to invest in “award-winning catalogs from some of the most influential female music creators”.
The fund, established in conjunction with the Municipal Employment Retirement System (“MERS of Michigan”), has an initial value of up to $100 million in investable capital.
Stonestreet’s catalog sale to Influence Media Partners includes nearly 80 songs, some of which date back to the start of Stonestreet’s career in 2013.
Influence says their catalog has more than 3.5 billion streams worldwide.
Since the sale, several new tracks penned by Stonestreet have been released, including Dove Cameron’s Friend, which according to the company was the #1 most added song on pop radio in early March and has cracked the top 40 radio stations at #20 in less than three weeks.
“I’m so blessed to be collaborating with Influence on my catalog of songs.”
“I’m so blessed to be collaborating with Influence on my catalog of songs,” Stonestreet said.
“Music is my life and these songs mean so much to me. It feels great to find a partner who really appreciates her.”
“Skyler’s story is remarkable.”
Evan Winiker, Range Music
“She came to Los Angeles with dreams of being a writer, spent time doing sessions every day, and truly became one of the best in town.”
“Skyler Stonestreet is pure gold.”
Lylette Pizarro, Influential Media
Lylette Pizarro, Founder and Co-CEO of Influence Media said, “Skyler Stonestreet is pure gold. Not only is she one of the most gifted writers in the industry with a spectrum that rivals most, but her story is an inspiration to anyone who wants to make their dream come true.
“In short, Skyler is the kind of artist that Influence wants to support and we can’t wait to build a future together.”
In April 2021, Range Media Partners purchased copyrights to Grammy-nominated, multi-platinum songwriter Ali Tamposi’s catalogue.
In May 2021, Influence Media Partners acquired a portfolio of copyrights from Grammy-nominated singer/songwriter Julia Michaels’ catalogue.music business worldwide
https://www.musicbusinessworldwide.com/songwriter-skyler-stonestreet-sells-catalog-to-influence-media-partners-in-multi-million-dollar-deal/ Songwriter Skyler Stonestreet Sells Multi-Million Dollar Catalog to Influence Media Partners