NEW YORK – Independent publisher Spirit Music Group, well-known for its iconic classic rock roots, as well as its expansive catalog of classic and contemporary hits, has announced a recapitalization led by its COO Jon Singer.
Now wholly-owned by the newly formed Lyric Capital Group, the company will be spearheaded by Singer and Spirit’s Ross Cameron.
Singer will become Chairman of Spirit Music Group and Managing Partner of Lyric while Cameron will continue in an executive role at Spirit and become a Partner at Lyric.
Commenting on the news, Singer said: “There is a powerful shift occurring within the music industry and this new dynamism means that Spirit, with our amazing songwriters, dedicated team and 75,000 songs, is especially well-positioned for growth. We are privileged to have major institutional investors on board, providing us with additional capital to grow. I am very excited to serve the incredible songwriters that make up the Spirit family during this exciting time.”
Spirit’s portfolio consists of over 200 #1 Billboard hits and over 450 Top 10 songs. Artists include Chicago, Eminem, Sam Hunt, Jay Z, Madonna, Scotty McCreery, Tim McGraw, Elvis Presley, Ed Sheeran, Blake Shelton, Frank Sinatra, Taylor Swift, The Who and Whitney Houston.
Among its most notable songwriters and writer/artists are James Bay, John Barrett, Alan and Marilyn Bergman, Big Data, Marc Bolan, T Bone Burnett, Jonny Coffer, Zach Crowell, Rami Dawod, Henry Mancini, Matt & Kim, Johnny McDaid, The Marshall Tucker Band, Graham Nash, John Newman, Rick Nowels, David Paich, Doc Pomus, Frank Rogers, Boz Scaggs, Billy Squier, Pete Townshend, Greg Wattenberg; and the breakthrough work of newer artists including Dagny and Tim Montana.
In addition to managing copyrights, Spirit has earned a strong reputation as an aggressive royalty administrator and promoter of its songs into film, television and advertising productions as well as a wide range of new media.
In recent years, Spirit has helped transform the publisher’s role beyond royalty collection and song promotion to proactive career and legacy partnership by creating and executing marketing plans to revitalize its clients’ songs and expand their brands.
Spirit’s previous majority owner was Pegasus Capital Advisors.