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Indie Electronic Label Monstercat Acquired by Create Music Group
Monstercat has been acquired by Create Music Group, which plans to invest an additional $50 million into the dance label over the next two years.
Founded in Waterloo, Canada, in 2011 and now with offices in Toronto and Los Angeles, Monstercat will continue to be operated by president Daniel Turcotte, vp Orri Sachar and director of finance Rob Hill. “Monstercat is everything an independent label should strive to be — exclusive, globally trusted and capable of breaking artists and songs at the highest levels,” added Create Music Group co-founder/CEO Jonathan Strauss. In 2024, Create received $165 million in backing from private equity company Flexpoint Ford, with Strauss at the time saying that the money would be used to scale operations, expand services and fund acquisitions.
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