The Seoul-based music investment firm, which has raised $400 million to date, says the funds will be deployed to acquire rights to evergreen Asian music.
South Korean music investment firm Beyond Music has added $170 million to its war chest for buying rights to evergreen Asian music.
The firm, which was founded in 2021, says the latest funding round brings Beyond Music’s total amount of capital raised to nearly $400 million. It will use the fresh capital to further build out its music catalog, which currently counts over 27,000 songs, according to the company. Beyond Music was launched in early 2021 by hit songwriter Park Geun-tae alongside entrepreneur Jang-won Lee, known for founding Mafia Company, a digital music platform for Asian music scores. Lee serves as the company’s CEO.
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