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 authentic content material in movie and tv. The information comes because the Grammy Award winner is ready to launch his 14th album, which can 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 concentrate on 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 unbiased music label, Slang, which signed Will Smith final 12 months. 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 world wide 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 probably the most optimum method to affect tradition with practically 20 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 growing and producing collectively. This subsequent part of my profession will probably be crammed 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 Accomplice mentioned within the assertion. “Our three way partnership NIL deal, and prolonged catalog partnership is an alliance that can create boundless alternatives for this artistic genius, and also will additional set up that DJ Khaled is a uncommon expertise whose talents prolong far past the standard confines of music.”