Cinq Music Gets Additional Funding
March 11, 2015 at 5:50 AM (PT)
GODIGITAL MEDIA GROUP's CINQ MUSIC, a global distribution and rights management service with a specialty in LATIN MUSIC, has raised additional funding.
“We are excited to announce an aggressive additional investment to CINQ MUSIC," said GDMG Chairman JASON PETERSON. “BARRY has quickly grown a unique company to a profitable entity that supports artists via a very flexible 360-degree model of monetizing music copyrights, videos, social media, and fan engagement. It’s a very attractive business model, it’s a royalty business with limited brick and mortar costs.”
“We are pleased to have GODIGITAL MEDIA GROUP’s continued support and shared vision. The music industry is going through a dynamic shift right now, and we plan to not just be a part of it, but to push the envelope,” said CINQ MUSIC co-founder BARRY DAFFURN. “We have been attracting top talent and growing our catalog by offering advances on acquisitions, and providing innovative models for marketing and monetization of those assets.”
The company, launched late in 2012, has distributed content from DADDY YANKEE, MASTER P, FRENCH MONTANA, E-40, J ALVAREZ, FARRUKO, DE LA GHETTO, ARCANGEL, JUSTIN QUILE3S, NENGO FLOW, and JOWELL & RANDY, among others.