Photo Credit: MediaNet Partners
Entertainment investment company MediaNet Partners makes a significant move into Latin music with a $20 million Music Acquisition Rights fund.
Latin American-based entertainment investment company MediaNet Partners (MNP) announced the debut of the Music Acquisition Rights fund, a $20 million venture focused on acquiring and managing premier music assets within the Latin music industry. The fund has already secured the rights to an “extensive collection” of songs performed by artists including Bad Bunny, Marc Anthony, Jennifer Lopez, and Ricky Martin.
Through an investment distribution agreement with Capital, Crédito e Inversiones CCI, S.A., MediaNet Partners offers investors a chance to engage in a profitable financial structure, providing an alternative to US-based music funds. The venture not only highlights the lasting popularity and global reach of Latin music, but showcases sophisticated investment opportunities emerging from unexpected places.
Juan Aguerravere, Managing Partner at MNP, highlights the fund’s unique position in connecting journalists with experts deeply rooted in the Latin music scene to provide insights into the nuances and challenges faced by composers and artists in the region. Pedro Guzman, Executive Creative Director of the Music Fund, leads the strategic creative direction with years of experience to help unlock the songs’ “full potential.”
MediaNet Partners’ push into Latin music secures a second foothold for the investment company, which has predominantly focused on the film industry as the Dominican Republic continues to thrive as one of the fastest growing film destinations in Latin America. Together with Lantica Media, a company providing studio facilities and production services across the film industry, MediaNet Partners has helped finance and produce original content for Spanish language audiences.
“We have seen our incredible island thrive out of the film industry,” said Lantica Media COO Albert Martínez Martín. “You will not find more passionate people, better infrastructure, and a fantastic incentive, all in the most beautiful place you can imagine.”
For nearly a decade, companies like Netflix, NBC Universal, and Paramount have utilized the Dominican Republic’s impressive portfolio of locations as the backdrops of numerous projects — many of which have been serviced by Lantica Media, together with the MediaNet Partners Investment Fund.