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Business News Labels & Publishers
Warner launches new music start-up investment fund
By Andy Malt | Published on Monday 8 October 2018
Warner Music Group has launched a new investment fund that will support music-related start-ups called WMG Boost.
The major label says it is interested in “supporting entrepreneurial growth and innovative thinking in the music industry”. It will provide early financial support for “early-stage businesses within and adjacent to the recorded music business”. Funded start-ups will also get advice from the Warner team and access to the company’s recording and publishing catalogues.
Says WMG Chief Digital Officer Ole Obermann: “WMG Boost is all about nurturing the diversity of ideas within the music ecosystem, especially at this meeting point between music and tech. This fund enables us to support thoughtful entrepreneurs, learn more about emerging business models, and invest in the creation of more opportunities for artists”.
