Intellectual property rights management company GoDigital Media Group has announced a massive capital injection and a complete corporate restructuring to sharpen its focus on scalable music and media assets. The company, which is dropping “Media Group” from its name, confirmed a new funding round of $230 million, bringing its total capital raised to over $1 billion. The funding was led by Bank of America and included significant participation from several major financial institutions.
This latest financing round directly supports a major brand overhaul that sees the company launch three new focused divisions: GoDigital Music, GoDigital Networks, and GoDigital Brands. The Networks division will house the company’s video and digital content IP, while the Music division which includes the newly rebranded Cinq Music will accelerate acquisitions in high-growth global genres like Afrobeats, K-pop, and Música Mexicana.
Jason Peterson, GoDigital Chairman and CEO, hailed the financing as a validation of the company’s strategy. “This financing, led by Bank of America, further validates GoDigital Music’s strategy of focusing on durable, culturally significant artists and repertoire from large and fast-growing markets around the world,” Peterson stated, emphasizing the company’s goal to strengthen its footprint in global IP rights management.
By securing this significant capital and clearly defining its operational pillars, GoDigital is strategically positioning itself to be a leader in the consolidating digital media and intellectual property landscape. The shift toward specialized divisions ensures the company can aggressively pursue its diversified, global strategy, leveraging the $230 million funding to rapidly scale its content, community, and commerce portfolio.
