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Shamrock Capital has acquired Tor Hermansen‘s and Mikkel Eriksen‘s Stargate music publishing catalog, which includes such songs as Katy Perry‘s “Firework,” Rihanna‘s “Diamonds” and “Rude Boy” and Beyonce‘s “Irreplaceable,” among others. Terms of the deal were not disclosed.
Shamrock’s Capital’s Entertainment IP Fund, which invests in existing entertainment intellectual property rights film, made the acquisition.
“Tor and Mikkel are prolific songwriters and producers who have created an extraordinary body of work that will remain relevant for generations to come,” Shamrock Capital partner Patrick Russo said in a statement. “It’s a privilege for us to have had the opportunity to work with them and acquire this truly unique catalogue of music. This diverse catalogue complements our existing music publishing and recorded music rights and advances our long-term strategy of building and holding a portfolio of evergreen properties.” [Read More Billboard News ]