NETTWERK MUSIC GROUP RAISES $10.25 MILLION IN EQUITY GROWTH FINANCING TO FUND NEW AND EXISTING ARTIST DEVELOPMENT
Nettwerk Music Group Inc., a privately held independent music company focused on building successful artists by offering a unified set of management, marketing and publishing services, today announced that it has raised $10.25 million in equity growth financing.
The equity financing includes investments from HBC Investments, as well as participation from existing shareholders Beedie Capital and Nettwerk’s four founding partners: Terry McBride, Ric Arboit, Dan Fraser and Mark Jowett. Nettwerk will use the proceeds of the financing to invest in new and existing artists under development. Nettwerk will also continue to be an active acquirer of catalogue music rights for which it is uniquely positioned to create and expand value.
"We are pleased to welcome our new shareholder to Nettwerk as we continue to expand the reach and success of our clients. We are also very grateful for the ongoing support from our existing investors," said Terry McBride, CEO of Nettwerk. "We plan to utilize these funds to create and grow success for our current and future artist clients through true partnerships that value the creative process and long-term patience and planning.”
Peter Brodsky, HBC Investments, added, “HBC is excited to be a financial and strategic partner of Nettwerk. The Group is a known leader in recognizing and leveraging the opportunities that arise from technological disruptions and industry shifts. Nettwerk has emerged as a successful and thriving music company that is uniquely positioned to create long-term value in its clients’ musical works and content. The investment comes at the perfect time where the music industry is experiencing a resurgence with explosive growth in monetization opportunities across diverse worldwide retail and distribution models.”
“Our involvement with Nettwerk, which began in 2006 with a focus on catalogue acquisitions, has shown that the Group’s capabilities and platforms are also effective at driving growth in established works,” said Ryan Beedie, President of Beedie Capital Partners. “We are excited to add HBC to the team in order to continue to grow Nettwerk’s catalogue acquisition and new artist development projects.”
The past year has been an exciting one for Nettwerk Music Group across all divisions of the company. Highlights include management client fun., who broke out with their smash single “We Are Young feat. Janelle Monae” from sophomore album Some Nights(Fueled By Ramen), which is now certified Platinum. The band was nominated for six Grammy Awards®, and took home two: Song of the Year and the coveted Best New Artist. Internationally, Vancouver-based singer/songwriter Wanting saw her debut album, Everything In The World, explode in and around China, going Triple Platinum in China and Hong Kong and Platinum in Malaysia and Taiwan. Wanting, who is also a label and publishing client, is nominated for 10 Chinese Music Chart Awards, including Best New Artist, Album of the Year and Singer/Songwriter of the Year.
Nettwerk is excited to share the Nettwerk Spring Music Sampler 2013, highlighting some of the exciting music coming from Nettwerk artists this spring, as well as some recent favorites. The sampler features stand-out tracks from the label's latest signings, like the buzzed about Swiss-German female duo BOY, Australia’s The Paper Kites, Brooklyn fantasy pop duo Savoir Adore, and Vancouver indie pop trio (and JUNO nominee) Hey Ocean!. The sampler also includes songs from some of Nettwerk's best, like Family of the Year, Morgan Page, k-os, Delerium, Passenger, and Wanting.
Download it for FREE on Amazon (US) or HMV (Canada), and enjoy!
Nominees for the 12th Annual Independent Music Awards (IMAs) were announced yesterday, and three Nettwerk recording artists received nods: Morgan Page (Dance/Electronica Album), Wanting (Adult Contemporary Album) and Angus Stone (Folk/Singer-Songwriter Album). Additionally, Nettwerk CEO Terry McBride is one of the many esteemed judges on the panel, which also includes industry vets and influential artists like Tom Waits, Kathleen Brennan, Suzanne Vega, Anthony DeCurtis (Rolling Stone) and Kevin Lyman (Vans Warped Tour).
According to the official press release from the IMAs, "more than 80 Album, Song, Music Video and Design categories were culled from thousands of submissions from North America, South America, Asia, Africa, Australia, Greenland and Europe." Read the full official press release HERE.
Click To Watch Nettwerk’s SXSW 2013 YouTube Playlist
Artists from Nettwerk’s label, management and publishing (NW1) divisions are getting ready to make their way down to Austin. Below, please find information and showcase schedules for each attending artist: BOY, Family of the Year, Current Swell, Hey Ocean!, Savoir Adore, Royal Canoe, The Cadillac Three and SHEL.
BOY (Label) https://www.facebook.com/listentoboy
Chosen as one of NPR Music’s “Austin 100,” this Swiss/German female duo makes their SXSW debut as their album Mutual Friends lands at #13 on the Billboard Heatseekers Chart. The album is already Gold-certified in Germany, with infectious single “Little Numbers” boasting close to 8 million views on YouTube. The ladies of BOY have enjoyed a welcoming reception in the States from media, industry folks and fans alike, with featured coverage in major national outlets like The New York Times, Billboard, Cosmopolitan, Alternative Press, Filter, Bust and many more. In the coming days and weeks, the ladies of BOY will appear on KCRW’s Morning Becomes Eclectic, WXPN’s World Café and Sirius XM’s Spectrum and Coffee House. “Little Numbers” was chosen as iTunes “Single of the Week,” as well as Starbucks’ “Pick of the Week.”
Wed, March 13 3:00pm - KCRW Party @ Radio Day Stage/Convention Center
Wed, March 13 11:30pm - Central Presbyterian Church
Thur, March 14 12:30pm - 98.7/iHeartRadio @ Empire
Thur, March 14 2:45pm - HomeSlice Pizza MXTS Party @ Homeslice Pizza
Thur, March 14 7:00pm - Bust Magazine Presents @ 4407 Ave C
Fri, March 15 12:00am - The Show @ Hickory Street
Sat, March 16 1:30pm - Baeble Music’s Launch Pad Party @ Peckerheads
FAMILY OF THE YEAR (Label/Management) https://www.facebook.com/familyoftheyear Since the release of Loma Vista, FOTY has been included in Entertainment Weekly’s “15 New Stars We Love,” Paste Magazine/SonicBids “Emerging artists of 2013,” Billboard Magazine’s “Bubbling Under,” KCRW’S “Local Bands We Love” and featured as Interview Magazine’s “Discovery” band. With standout track “Hero,” FOTY has made a run of late-night TV appearance on Jimmy Kimmel Live!, CONAN and two episodes of Late Night With Carson Daly. Four weeks since their Billboard radio chart debut, "Hero" cracks Top 5 on the Triple A Top 30 Radio Chart and Top 20 at Alternative Radio (amongst the 5 most added at the format). By what now constitutes the core of FOTY—Joe Keefe (vocals, guitar), Sebastian Keefe (drums, vocals), James Buckey (guitar, vocals), and Christina Schroeter (keyboards, vocals)—the group has shared the stage with notable artists such as fun., Mumford & Sons, Edward Sharpe & The Magnetic Zeros, Walk The Moon, Good Old War, Grouplove, and others. What’s next? A 2013 North American headline tour with friends The Mowgli’s.
Wed, March 13 7:45pm – Austin City Limits Live SXSW Showcase @ Moody’s Theatre
Thur, March 14 4:00pm – KCSN Showcase @ Radio Day Stage/Austin Convention Center
Fri, March 15 12:15pm - 98.7/iHeartRadio @ Empire
The 2013 Juno Nominations were announced today, and multiple Nettwerk Music Group clients received nods in various categories.
Great Lake Swimmers (Nettwerk Records, Nettwerk One Publishing) are nominated for "Roots & Traditional Album of the Year" for their acclaimed 2012 release New Wild Everywhere. Hey Ocean! (Nettwerk Management, Nettwerk One Publishing) is nominated for "Breakthrough Group of the Year." Their latest album IS was released in Canada last year via Universal Music Canada, and just saw its Stateside release last month via Nettwerk Records; the band is currently in the midst of their largest U.S. tour to date. Other Nettwerk One Publishing clients nominated include: Yukon Blonde ("Breakthrough Group of the Year"), Johnny Reid ("Artist of the Year,""Country Album of the Year"), Shawn Desman ("R&B/Soul Recording of the Year) and Victoria Duffield (songwriters Ryan Stewart and Troy Samson; "Pop Album of the Year"). Nettwerk Producer Management also got two nods for "Recording Engineer of the Year": Mike Plotnikoff ("Start of Something Good" - Daughtry, "Breaking Your Heart" - Kelly Clarkson) and Randy Staub ("When We Stand Together" - Nickelback, "What You Want" - Evanescence).
Congratulations to all the nominees! The 2013 Juno Awards will be broadcast on CTV on April 21 from Regina, Saskatchewan.
Nettwerk sends a big congratulations to management client fun. for taking home the awards for "Best New Artist" and "Song Of The Year" at last night's 55th Annual Grammy Awards. Early in the evening, the band (who were nominated for six awards total) took to the stage for a live performance of their latest single, "Carry On."
fun.--Nate Ruess, Andrew Dost and Jack Anatonoff--released their acclaimed debut album, Aim and Ignite, in 2009 via Nettwerk Records, andbroke out in early 2012 with their smash single “We Are Young feat. Janelle Monae” from sophomore album Some Nights (Fueled by Ramen). The single has gone on to sell nearly 11 million digital copies worldwide and boasts more than 160 million YouTube views, while the album has sold over 1.5 million copies worldwide.
The band recently announced a summer tour with special guests Tegan & Sara starting July 6. Click here for tour dates.
Check Out Nettwerk Records' Label Profile On Billboard.comHERE
Nettwerk Music Grouphas started off the New Year on a high note, coming off of an exciting 2012 across all facets of the company.
On the management side, the biggest story of the year was fun., who broke out with their smash single “We Are Young feat. Janelle Monae” from sophomore album Some Nights (Fueled by Ramen). The single has gone on to sell over 10.5 million digital copies worldwide and boasts more than 160 million YouTube views, while the album has sold over 1.5 million copies worldwide. The band ended the year with six Grammy® nominations including Album of the Year, Best New Artist and Song of the Year.
Internationally, Vancouver-based singer/songwriter Wanting (who is signed to Nettwerk's management, label and publishing rosters) saw her debut album, Everything In The World, explode in and around China, going Triple Platinum in China and Hong Kong and Platinum in Malaysia and Taiwan. Wanting is nominated for 10 Chinese Music Chart Awards (similar to the Grammy Awards), including Best New Artist, Album of the Year and Singer/Songwriter of the Year.
LA-based band Family of the Year, who sits on Nettwerk’s management and label rosters, saw a local buzz early last year grow into full-fledged national acclaim. Their track “Hero” debuted at #28 on the Triple A Chart (now Top 10), leading Billboard Magazine to highlight them in their “Bubbling Under” weekly feature. The band has seen huge licensing success, with tracks featured in the HBO series Girls, a national Advil television commercial, and a major placement in the anticipated film Thanks For Sharing, starring Gwyneth Paltrow and Mark Ruffalo. They ended 2012 with their debut national TV appearance on Last Call with Carson Daly, and a nod from the Huffington Post, which said, "Family of the Year should be going places besides their next tour stop. Loma Vista is pure pop bliss...it deserves to appear on many year-end Top 10 lists."
Label artist Passenger started off 2013 with his latest album, All The Little Lights,achieving its highest chart ranking (#7) on the Billboard Heatseekers Chart, where it has appeared for 22 straight weeks and counting. The video for lead single “Let Her Go” exploded on YouTube, gaining 6 million views over two months and bringing the current total to 7 million. In the UK, iTunes named All The Little Lights the “Best Singer/Songwriter Album of 2012.” Passenger’s fan-base grew exponentially after extensive tour dates with Ed Sheeran in the U.S. and Europe, leading to his own sold-out debut headline tour in December. He is currently in the midst of a sold-out UK/European headline run.
Nettwerk Music Group is excited to announce an innovative and original new music venture called Nettrax, a full-service electronic music label that will directly solicit and launch standout tracks and albums from a diverse and growing talent pool of musicians and artists in the electronic music scene. With each release, the Los Angeles-based company will provide marketing strategies, as well as digital and/or physical distribution.
Partnering with Nettwerk in establishing and guiding Nettrax is Jared Barboza, who has spent his career managing and implementing strategic development at both Virgin Entertainment and Napster before starting his own artist management company, Abbott Monroe (Morgan Page, Andy Caldwell, Revolvr). A specialist in artist development and music marketing strategy, Barboza will consult on all Nettrax partnerships and new talent acquisition.
“Applying Nettwerk’s established reputation as a label devoted to artist development has enormous potential for the EDM market. The two most common scenarios available for an artist right now is to either sign with a major label who will want a huge commitment up front, or sign with a small label who has limited resources when trying to reach a broader market. Nettrax is the perfect balance between the two,” says Barboza.
Of the new venture, Mark Jowett, VP International A&R/Publishing of Nettwerk Music Group, adds, “Throughout its history, Nettwerk has been a home for iconic electronic artists like Skinny Puppy, Tiësto, Delerium, BT, Junkie XL and Morgan Page. We're elated to now have a label where we can closely work with up and coming, promising artists in the electronic genre; which at the moment is one of the most revolutionary areas of the music business.”
Neon Neon (Gruff Rhys and Boom Bip) will release new album Praxis Makes Perfect in the UK on April 29th via Lex Records.
Praxis Makes Perfect is inspired by the life and times of Giangiacomo Feltrinelli. Born in to one of Italy’s wealthiest families, Feltrinelli was a left-wing political activist and published some of the greatest literary works of the 20th century, including The Leopard and Doctor Zhivago. He died in highly suspicious circumstances in 1972.
Praxis Makes Perfect features Sabrina Salerno, Asia Argento, Cate Le Bon, Josh Klinghoffer and follows Neon Neon’s 2008, Mercury-shortlisted debut Stainless Style, a concept album based on the life of colourful motoring mogul John DeLorean.
Gruff Rhys and Boom Bip have also teamed up with playwright Tim Price, director Wils Wilson and National Theatre Wales to create unique Neon Neon live performances. An initial run of shows will take place at an undisclosed Cardiff location from 2nd to 5th May. Tickets are priced £15 and on sale here.
2012 was hardly the end of the world for Nettwerk's Film & TV Department, who successfully licensed songs to various TV shows, advertisements and films from artists across Nettwerk Music Group's Label, Management and Publishing rosters. Click the video playlist above for highlights from the year!
Video Playlist Track Listing:
1) The Hundreds And Thousands "Here We Go" / Google Maps for Iphone ad
2) Kidstreet "Song" / Apple MacBook Pro ad
3) Pefume Genuis "Dark Parts" / Honda Accord ad
4) Aaron Espe "Through Frozen Forests" / Sainsbury ad
5) The Submarines "Fire" / Kindle Fire ad
6) fun. "We Are Young" / Chevy Super Bowl ad
7) Alexi Murdoch "All My Days" / Sprint Mobile ad
8) Admiral Fallow "Squealing Pigs" / General Electric Super Bowl ad
9) Gareth Dunlop "Going Somewhere" / Subaru Outback ad
10) Junkie XL "Clash" / Bing ad
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You don’t have to spend long in the company of Valeska Steiner and Sonja Glass to work out the secret behind the success of Swiss/German duo BOY’s debut album. Mutual Friends is a magical collection of songs – suffused with equal parts joy and melancholy – that reflects the two women’s personalities flawlessly. Mutual Friends is an album of simple, heartfelt pop decorated with art school elegance and occasional folky flourishes. Their infectiously catchy single, "Little Numbers," has collected more than 7 million views on YouTube.