ICM Crescendo Music Royalty Fund, a Canada-based music rights-buying fund, has acquired a catalog of songs owned by Excessive Society Administration (HSM), together with rights to songs by Puerto Rican singer, rapper and songwriter Anuel AA.

Monetary phrases of the deal weren’t disclosed.

Based on the announcement, HSM’s catalog consists of Anuel AA’s hit songs together with Sola (Remix), Soldado Y Profeta (Remix) and Nacimos Pa Morir (feat. Jory Boy).

Anuel AA has over 33.6 million month-to-month listeners on Spotify and over 23 million YouTube subscribers.

The artist, born Emmanuel Gazmey Santiago, launched his chart-topping album Actual Hasta La Muerte, in July 2018. Throughout that 12 months, Anuel held the title of most-viewed musician on YouTube worldwide for greater than 26 weeks.

Calgary-based ICM Crescendo Music Royalty Fund was established through a partnership with Canada-headquartered ICM Asset Administration and Crescendo Royalty Company in July 2020.

Thursday’s (April 6) information marks the most recent deal for the fund, following its buy in August 2022 of Albert Grossman’s “fee rights” to basic recordings carried out by Janis Joplin and Gordon Lightfoot.

Elsewhere, in February this 12 months,  ICM introduced that it had acquired a catalog of songs by Grammy-winning producer Dave Tozer, who has labored with John Legend,  Kanye West, Jay-Z, Justin Timberlake, John Mayer, Kimbra, Natasha Bedingfield, Musiq Soulchild, Emile Sande, and Mayer Hawthorne.

“Latin music is the quickest rising style within the trade, and we’re excited concerning the addition of Anuel AA music for our buyers.”

David Vankka, ICM Crescendo Music Royalty Fund

Commenting on the brand new deal, David Vankka, Portfolio Supervisor of ICM Crescendo Music Royalty Fund, famous that “Latin music is the quickest rising style within the trade, and we’re excited concerning the addition of Anuel AA music for our buyers”.

He added: “Anuel is taken into account one of many main gamers in Latin city music, has an enormous social media following, and is kicking off a major area tour in April 2023 to offer his highly-anticipated new album.”

Within the first half of 2022, Latin music grew 23% 12 months over 12 months to achieve $510 million, in response to knowledge from the RIAA. The style is anticipated to have hit the $1 billion mark in 2022.

Music Enterprise Worldwide