Armin van Buuren’s Armada Label Readies $100M Fund to Acquire Dance Music Catalogs
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Loading... - Ortiz Zaneta
- 26 Apr 2023
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Independent dance label Armada Music — founded in 2003 by Dutch trance DJ and producer Armin van Buuren, Maykel Piron and manager and agent David Lewis — has launched Beat (for “Best Ever Acquired Tracks”), a dance music investment company.
Backed by U.S.-based Pinnacle Financial Partners, the fund plans to invest $100 million in its first two years, with the mission of “acquiring and exploiting recording and music publishing catalogs” amid a flurry of catalog deals across the music sector in recent years. Beat eventually plans to grow its investment to at least $500 million in the coming years.
The investment company’s first acquisitions include two big names. They are for KMS Records’ master recordings catalog from house and techno legend Kevin Saunderson, as well as for the master and publishing catalog of L.A.-based Russian trance DJ and producer Arty, also known as Alpha 9. “Both catalogs of masters will be globally distributed by Armada Music (Armada Distribution),” Armada said without providing further financial details.
Saunderson is one of the U.S. legends credited with inventing Detroit techno. KMS has been a staple label in the techno scene for more than 30 years. Its catalog includes iconic tracks from Saunderson and his group Inner City, known for global hits “Good Life” and “Big Fun.” Arty’s hits include “Sunrise,” “Save Me Tonight,” “Craving” with Audien and Ellee Duke, as well as “Take Your Time.” Read More…
