BEAT Music Fund acquires music publisher Cloud 9 Music
BEAT Music Fund, the pioneering dance investment fund from Armada Music, has made a significant move by acquiring Amsterdam-based music publisher Cloud 9 Music. This strategic acquisition strengthens Armada Music Group's publishing division and aligns with its mission to support creativity within the global electronic dance industry, which is projected to reach $20.9 billion by 2033.
As part of the acquisition, Cloud 9 Music's copyright assets and songwriters will be integrated into Armada Music Publishing, forming a unified entity under Armada Music Group. This consolidation allows Armada to offer label, publishing, and catalog acquisition services under one roof, providing comprehensive support to artists within a unified framework.
Maykel Piron, CEO of Armada Music Group, emphasized the significance of this acquisition in empowering dance artists and expanding their opportunities in the industry. The merging of label and publishing services enables Armada to advocate for artists, contribute to their success, and uphold the value of creativity in the dance music landscape.
“This acquisition is significant to us and will boost our ability to empower today’s dance artists and expand their opportunities to monetize their work in the current landscape,” said Piron. “Now more than ever, today’s artists need a trusted partner. Providing label, publishing services and opportunities within catalog investment all under one roof directly fuels our ongoing mission to advocate for dance artists, contribute to their success, and uphold the value of creativity.”
With the addition of Cloud 9 Music's roster, Armada Music Publishing now represents a diverse range of world-renowned songwriters, producers, and emerging talent, including Armin van Buuren, Dimitri Vegas & Like Mike, and Nervo. The publishing catalog includes global dance hits such as Armin van Buuren's Grammy Award-nominated “This Is What It Feels Like” and Lost Frequencies' “Reality”.
BEAT Music Fund's acquisition of Cloud 9 Music is part of its broader strategy to invest in the dance music sector. With plans to increase investment to at least $500 million in the coming years, BEAT and Armada Music Group will continue to uphold the legacy of dance artists and safeguard the creative and commercial value of their work.
You can find Armada Music Publishing’s full statement here.