On Tuesday (April 29), DJ Khaled and Affect Media Companions introduced a partnership the place the group has invested within the rights to his music catalog, which incorporates his publishing. The deal additionally features a new enterprise the place DJ Khaled and Affect Media Companions will produce new and unique content material in movie and tv. The information comes because the Grammy Award winner is about to launch his 14th album, which is able to add to the wealth of music that the enterprise will draw for business alternatives utilizing his identify, picture and likeness.
It’s one other milestone for Affect Media Group, which was based in 2019 to deal with songs and artists which have the capability for lasting affect on standard tradition. In January, the group (backed by Warner Music Group and BlackRock) secured $360 million in debt financing. They’ve additionally launched an impartial music label, Slang, which signed Will Smith final yr. Their newest fund has signed greater than 30 music-rights investments, together with these of Enrique Iglesias, Blake Shelton, and Jessie Reyez.
“I’m proud that my legacy will proceed to resonate and join with audiences all over the world with this partnership by means of Affect Media,” DJ Khaled mentioned within the press launch issued on Tuesday. “These iconic recordings I’ve created will proceed to be curated in essentially the most optimum method to affect tradition with practically twenty years of music. As well as, I’m excited for the world to see and expertise the movie and tv initiatives Affect and We The Finest are creating and producing collectively. This subsequent section of my profession might be stuffed with ground-breaking cultural affect, and I stay up for being on the forefront in all classes.”
“Affect Media was based on the precept that music can transfer tradition, and few entertainers embody this greater than DJ Khaled,” Lylette Pizarro, Affect Media Founder and Co-Managing Companion mentioned within the assertion. “Our three way partnership NIL deal, and prolonged catalog partnership is an alliance that can create boundless alternatives for this inventive genius, and also will additional set up that DJ Khaled is a uncommon expertise whose talents lengthen far past the normal confines of music.”
