Firebird, the music and artist management company, is entering the IP acquisition acquisition space, the company confirmed on Tuesday, announcing a $750 million acquisition fund with investment firm Ares and advisory fund the Raine Group.
Ares is directly investing in Firebird as part of the new partnership as well, the companies confirmed, with Ares managing director Jeevan Sagoo joining Firebird’s board of directors.
“This is an exciting chapter for Firebird,” Firebird CEO Nathan Hubbard said in a statement. “With the invaluable partnership of Ares and expansion of our longstanding relationship with Raine, we can evolve the level of support we provide artists and are in a position to deepen partnerships both within and beyond our ecosystem.”
Firebird’s executive chairman Nat Zilkha added: “We created this platform to expand the ways in which we partner with artists, building on the trust Firebird has earned as stewards of their creative work. With this investment, Firebird will help artists receive value for their recorded music and publishing catalogues while leveraging the power of the Firebird ecosystem to drive new growth and discovery of their music.” Firebird has grown quickly since it was founded back in 2022. Among the companies in its portfolio are major music management firms including Red Light Management and Mick Management, record labels like Transgressive Records and Defective Records and the music festival All Things Go.
