MidOcean buys music rights data firm
MidOcean Partners has acquired Music Reports Inc, a leading provider of music rights data, administration and management services from ABRY Partners and the company’s co-founders, Ronald Gertz and Douglas Brainin.
The undisclosed sum of the transaction will be used to accelerate Music Reports’ growth, as well as to fund potential acquisitions.
“The global recorded music industry is experiencing compelling growth driven by application development, smartphone penetration and distribution,” said Barrett Gilmer, managing director at the New York-based MidOcean. “MidOcean identified an enormous need for specialized data and service providers to help navigate . . .
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