@gakers

CREATE MUSIC GROUP, AT $1 BILLION VALUATION, RAISES $165 MILLION INVESTMENT ROUND Create Music Group has secured a USD $165 million minority investment round led by private equity firm Flexpoint Ford, MBW can reveal. Unicorn alert! The investment round values Los Angeles-HQ’d Create at $1 billion, a spokesperson confirmed. Music industry veteran Charles Goldstuck also joined the funding round, which is understood to see the Flexpoint-led group acquire close to a fifth of Create’s equity. Create says it will use the money to fuel further global expansion and execute an “ambitious acquisition strategy”. Established in 2015, Create Music Group has more than 400 employees worldwide. It operates as a record label, distribution company, and entertainment network that generates over 25 billion music streams each month on DSPs.

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