NEW YORK (CelebrityAccess) — Impartial report label Higher Noise Music introduced the sale of half of fifty p.c of their present catalog to non-public fairness investor RAVEN Capital as a part of what CEO Dan Waite and President Steve Kline characterize as a “nine-figure” deal.

The deal encompasses titles from Awolnation, Papa Roach, Escape The Destiny, Buck Cherry, The Hu, Dangerous Wolves, Soiled Heads, Drowning Pool, Hellyeah, Nico Vega, Chilly, and Attica Riots, and different content material from throughout the label’s 20 yr historical past.

The sale, which was closed in 2022, was not beforehand reported attributable to non-disclosure agreements, and the way now formally been confirmed by the label.

“The sale of half of the Higher Noise Music catalog in 2022 signifies that a lot of our ambitions for acquisition and growth at the moment are doable as Arduous Rock and Various offers are ending at different labels, Higher Noise Music is turning into the pure residence for these acts that need main label outcomes with indie label sensibilities and a spotlight to element. We have now the deep pockets to spend on international advertising and marketing and promotion in each USA plus Worldwide that giant acts anticipate,” mentioned CEO Dan Waite.

Label CFO Harris Masood mentioned that the capital infusion from the transaction offers funds to broaden the label’s workers and fuels potential acquisitions of different labels and catalogs whereas persevering with to service their frontline shoppers.

“Higher Noise Music has been the #1 Billboard Arduous Rock imprint yr on yr, and the #1 Lively Rock Radio label for 5 of the final six years. We’re growing The Funeral Portrait and can break them like we did with Nothing Extra, Dangerous Wolves and From Ashes to New, and we proceed to develop established acts like Asking Alexandria, giving them their first two number one hits of their lengthy profession. We have now extra new signings we’re enthusiastic about to announce later in 2024,” President/COO Steve Kline added.