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The Deals: Intercept Raises $50M for Catalog Acquisitions; DJ Khaled Strikes JVs With Influence Media
Intercept Music's $50M raise, DJ Khaled's film/TV pact and more deals across the music business are covered in this bi-weekly roundup.
“By acquiring catalogs with untapped or under-leveraged revenue potential, Intercept aims to use its proprietary technology, predictive analytics and targeted marketing portal to amplify both earnings and audience reach across streaming and digital channels,” the release continues. The companies are set to begin work on new products that blend Spitfire Audio’s “cinematic soundscapes and orchestral expertise with Splice’s sample catalog and AI-powered discovery engine,” according to a press release. Smithsonian Folkways will make select titles available to the public via streaming and downloads for the first time in decades, including 10 works by American folk singer-songwriter Tom Glazer, best known for writing the classic children’s song “On Top of Spaghetti.”
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