TEN's more than 1,000 song portfolio includes titles by Rihanna, Shakira, and Panic! At The Disco.
CTM -- Andre de Raaff’s music publishing and master rights administration company -- has acquired the publishing assets of the Stockholm-based Ten Music Group, which consists of a 1,000 plus song portfolio includes titles by Rihanna, Shakira, and Panic! At The Disco. Terms of the deal were not disclosed.
CTM was backed in the acquisition by the Outlander Fund, a seemingly new fund launched by Les Ware, a Dallas-based intellectual property lawyer and investor. According to an announcement, this deal represents the first acquisition for what they dubbed the CTM Outlander Music LLP in a strategic alliance between CTM and Outlander Fund, with the goal of acquiring $1 billion in music assets over the next five years.