Business and Finance
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Indie music platform Intercept secures $50m in financing for catalog acquisitions - Music Business Worldwide


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  The indie music distribution and marketing platform says it already has several potential acquisitions 'under review'.

Intercept Music, an independent music platform, has secured $50 million in financing to expand its catalog acquisitions, as reported by Music Business Worldwide. The funding, led by an unnamed institutional investor, will enable Intercept to purchase music catalogs from independent artists and rights holders, aiming to provide them with liquidity while allowing them to retain some ownership. This move is part of Intercept's strategy to grow its platform, which already boasts a diverse catalog spanning various genres, and to support the indie music community by offering a competitive alternative to major labels and publishers in the music rights acquisition market.

Read the Full Spotify Article at:
[ https://www.musicbusinessworldwide.com/indie-music-platform-intercept-secures-50m-in-financing-for-catalog-acquisitions/ ]

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