Influence Media Partners has announced a $750 million alliance in partnership with funds and accounts managed by BlackRock Alternative Investors and Warner Music Group (WMG) to create a music-rights platform that will invest in and manage premier compositions from some of music’s most influential creators. This includes a strategic focus on cultivating the “modern evergreen,” contemporary compositions that have strong potential for a multi-decade impact on pop culture, as well as investing in female artists and songwriters, with an emphasis on diversity.
“To paraphrase what my favorite music entrepreneur Beyonce famously said, not enough women of color have had a seat at the table in the music industry, so we went ahead and chopped down the wood to build our own table,” said Lylette Pizarro McLean, Influence Media founder and co-managing partner. “We’ve built a brilliant, savvy, and diverse team that’s also nimble enough to move at the speed of culture, and w
