In another move reflecting its diversified genre approach to music acquisitions, HarbourView Equity Partners has entered the Nashville scene in a big way with new investments in Brad Paisley and Lady A‘s catalogs.
Paisley, who has won three Grammy awards and has generated activity totaling 17.4 million album consumption units in the U.S., has sold his music royalty income stream to his master recording catalog to HarbourView. Beyond his successful music career, Paisley remains in the spotlight most recently thanks to his involvement in Nationwide Insurance advertising campaigns and due to his partnership with Boot Barn for the Moonshine Spirit clothing line. His last studio album was Love and War in 2017, which reached No. 13 on the Billboard 200 chart and peaked at No. 1 on Top Country Albums. Overall, he has nine No. 1 albums on Top Country Albums.
As for the Lady A acquisition, HarbourView has acquired the band’s music publishing song catalog. In the U.S., Lady A, formerly known as Lady Antebellum, has generated activity totaling 15.6 million album consumption units; and during its career the band has chalked up five Grammy wins. Their last album, What a Song Can Do, debuted and peaked at No. 12 on Top Country Albums, and No. 135 on the Billboard 200. The band has 32 entries on the Country Airplay chart , including 11 No. 1s.
Terms of the deals were not disclosed.
While HarbourView says it has acquired 35 catalogs in the nine-months since the company was launched by founder/CEO Sherrese Clarke Soares, it has only publicized a few of them. In addition to its latest country music deals, the company has acquired the catalogs of rock band Hollywood Undead, hip-hop/R&B producers Dre & Vidal, and Latin superstar Luis Fonsi.
In both of the latest transactions, Fox Rothschild LLP served as legal counsel to HarbourView while Brad Paisley and Lady A are represented by Greenberg Traurig LLP’s Jess L. Rosen.
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Tagged: business, Business news, catalog sales, Country, entertainment blog, Finance, HarbourView Equity Partners, music blog, Publishing, Sherrese Clarke Soares