Led · Equity · Feb 2024

Cinq Music Group acquires, manages and distributes music repertoire, operating as a label, distributor and rights manager. Its catalog comprises over 80,000 assets that achieve several billion audio and video streams per month. The company reports more than $300 million in assets under management. Cinq plans to deploy new capital primarily into catalog acquisitions and to focus growth on reggaeton, Musica Mexicana, Afrobeats and Country. It has expanded globally with offices in 11 countries and recently opened a Nashville office while acquiring catalogs from songwriters including Jimmy Robbins and Ryan Hurd. Cinq works with prominent Latin and global artists and partners and aims to amass a billion-dollar balance sheet of music rights. Cinq Music Group is a Los Angeles-based, technology-driven music distribution, record label and rights management company led by President Barry Daffurn. Its releases have won Grammy Awards, earned dozens of RIAA Gold & Platinum certifications, and received a Billboard Latin Urban Label of the Year nomination. The company raised $40M in a Series C funding round from GoDigital Media Group. It will use the funds to purchase music rights, both masters and publishing, and to further expand internationally. GoDigital Media Group, led by Chairman and CEO Jason Peterson, is a diversified multinational holding company focused on investing in technology-enabled intellectual property rights management through operating subsidiaries including Cinq Music, VidaPrimo, Latido Music, AdShare and ContentBridge. GoDigital reports its content is streamed over seven billion times per month. Cinq Music is a data-driven record label, distribution, and rights management company that provides online tools to upload assets, view analytics, and access data. The company combines distribution services with rights acquisition and management for music masters and publishing. It intends to use its recent funding to purchase music rights and to further expand internationally. Led by President Barry Daffurn, Cinq has released five number‑one Indie records on the Billboard Urban and Tropical Charts and was nominated for Latin Rhythm Label of The Year at the 2016 Latin Billboards. The company is headquartered in Los Angeles and maintains offices in New York, Orlando, Bogota, Medellin, Seoul, Minsk, and Colombo. Cinq completed a $20M Series B investment from GoDigital Media Group. Cinq Music is a Santa Monica-based global music distribution and rights management service that manages copyrights and builds audiences for its clients. The company received funding from GoDigital Media Group to support growth initiatives. The additional capital is intended to finance catalog acquisitions and provide advances to artists. It will also be used to accelerate development of the company’s cloud-based technology solutions. Led by co-founder Barry Daffurn, Cinq monetizes audiences beyond just music for its clients. The firm has distributed content from artists including Daddy Yankee, Master P, French Montana, E-40, J Alvarez, Farruko, De La Ghetto, Arcangel, Justin Quiles and others.