BEAT Music Fund, Armada Music Group’s dance music funding firm, has acquired the rights to “a big portion” of masters from Tiga, a DJ, producer, and founding father of Turbo Recordings.
The corporate stated that the deal consists of rights to a few of Tiga‘s most streamed tracks, together with the hit Sun shades at Evening, Bugatti, and You Gonna Need Me, Let’s Go Dancing, and HAL ft. Kölsch. The tracks have collectively amassed over 33 million Spotify streams.
Monetary phrases of the sale weren’t disclosed. Tiga described the deal as “a pivotal second for me as an artist.”
“We share a ardour for dance music and a deep respect for creators on this house, and I look ahead to working intently with the Armada group to reinvigorate my work and increase the affect of the techno style,” he stated.
Tiga began releasing music within the late ’90s and gained reputation together with his digital cowl of Corey Hart’s Sun shades at Evening in 2001. His subsequent albums, Sexor and Ciao!, produced hits like You Gonna Need Me.
Latest remixes spotlight the relevance of Tiga’s catalog. DJ and producer Layton Giordani’s remix of Tiga and Audion’s 2013 monitor Let’s Go Dancing landed at No. 1 on the 1001Tracklists’ DJ Charts, accumulating almost 2 million streams throughout streaming platforms. DJ Reinier Zonneveld and Zyntherius’ remix of Tiga’s 2001 hit Sun shades at Evening grew to become a 2024 membership anthem, BEAT Music Fund stated.
Maykel Piron, CEO of Armada Music Group, stated, “Tiga is a generational expertise who has left an indelible mark on the dance music business. His prolific work – as each a solo artist and producer – has helped form the style for almost 30 years. We’re honored to protect Tiga’s legacy and look ahead to seizing new alternatives to revitalize his iconic hits.”
“His prolific work – as each a solo artist and producer – has helped form the style for almost 30 years.”
Maykel Piron, Armada Music Group
The acquisition comes as unbiased labels more and more purchase catalogs to generate income and revive traditional hits.
Armada Music — the indie label behind dance/techno legends like Chicane, Paul Oakenfold and Ferry Corsten — launched BEAT Music fund in 2023, with plans to spend $100 million on M&A in its first two years. Final yr, Armada reorganized itself below a brand new dad or mum firm, Armada Music Group, raising the purpose for BEAT Music to $500 million over the subsequent 5 years.
Since its launch, the fund has constructed a dance style roster that features DJ and music producer Kevin Saunderson, Markus Schulz, Robbie Rivera, Grammy-nominated DJ and producer Jax Jones, Amba Shepherd, VIVa MUSiC, Sola Data, NYC-based home label King Road Sounds, Chocolate Puma and extra.
BEAT, which stands for “Finest Ever Acquired Tracks,” is backed by Pinnacle Monetary Companions, a Nashville, Tennessee-based monetary companies agency with $52.5 billion in belongings as of the top of 2024.
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