![]() ![]() While sources now say the deal is priced at upwards of $80 million, some familiar with the deal give the catalog a $65 million valuation.īillboard estimates label revenue, after deducting production and distribution fees, at about $4 million to $5 million in 2021. Rostrum and Raine Group declined to comment and neither would disclose with whom they’re nearing a deal. Now that may no longer be the case, since sources say the plan is for Ginsberg to oversee the remaining catalog if, and when, the deal closes. Initially, Ginsberg was said to be looking for a deal that would allow him to continue running the label with its full catalog intact. ![]() Sources say the label, put up for auction in the fall of last year, is being shopped by the Raine Group, the investment bank and advisory firm that’s closed a number of recent big music deals, including Downtown Music Publishing’s song catalog sale to Concord. Phil Collins, Genesis Catalogs Sell to Concord
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