• Source: GoDigital Media Group

GoDigital Media Group (GDMG) is a diversified multi-national conglomerate founded in 2006 by Jason Peterson and headquartered in Los Angeles. GDMG focuses on intellectual property rights management through divisions in music, video networks, and brands (commerce).




Background


GoDigital Media Group was founded by CEO and Chairman Jason Peterson in 2006 as a digital music distributor.
In 2007 GDMG created a division named AdShare, the first social media monetization business identifying, tracking, and monetizing rights on YouTube.
In 2008, Peterson and GDMG created a digital video division eponymously named GoDigital, inc, that specialized in digital movie distribution. In January 2012, GoDigital, inc acquired Might Entertainment for its 800 film catalog creating a combined company with over 1,100 titles. In August, 2012 GoDigital, Inc. was majority sold to Preferred Ventures who made a control investment. Preferred Ventures then merged GoDigital inc with Variance Films in January 2014, forming a new theatrical movie distribution entity, Amplify.
In 2010, Peterson and GDMG commercialized their ContentBridge platform to offer cloud based digital supply chain and rights management under a SaaS model to major movie studios and networks. In 2014, ContentBridge won the 2014 Entertainment Merchant Association's “Industry Leadership” Digital Award for software support for the SMPTE Interoperable Master Package (IMP), CableLabs and UltraViolet digital supply chain standards.
In 2012, GDMG's music distribution business was rebranded Cinq Music and the mandate was broadened to include distribution, publishing and record label activities.
In 2016, GDMG's AdShare unit acquired Primo Media to create VidaPrimo, the then largest Latin music only multi-channel network.
In 2017, GDMG created Latido Music as a free ad-supported linear Latin music television channel




= Acquisitions and growth

=
Starting in 2017:

GDMG invested $20 million into its Cinq Music division, hired rap mogul Master P to be President of Urban Music and acquired 3x Grammy Award-winning rapper T.I.'s catalog from Warner Music Group.
In 2018:

GDMG subsidiary Cinq Music signed Janet Jackson to a record deal and released the single "Made for Now" featuring Daddy Yankee
In 2019:

GDMG invested another $40 million into its Cinq Music division for music rights acquisitions to follow on to existing Latin repertoire from Anuel, Bad Bunny, Carin Leon, Natanael Cano and others.
In 2020:

Cinq Music acquired the Beluga Heights Record Label including the catalogs of Sean Kingston and Jason Derulo for an eight figure sum.
GoDigital then also acquired Hispanic targeted multi-platform network mitu which along with the Latido Music channel forms the programming and production core of their networks division. With mitu, GoDigital and its business units have access to A-level content production.
In 2021:

GDMG bought YogaWorks, the largest Yoga studio business in the U.S., out of COVID- induced bankruptcy. The company purchased YogaWorks to transform the business model into a digital first subscription based business for health, wellness and longevity.
GDMG and MEP Capital (“MEP”) acquired Sound Royalties for high eight figures. Peterson stated in Music Business Worldwide his plans for GoDigital. “We have a vision for a billion dollar balance sheet of rights. We are raising tremendous amounts of money right now, we have a tremendous pipeline of acquisitions. There will be more news about deals and new financing.
In 2022:

GDMG invested another $100 million into its Cinq Music division for music rights acquisitions, bringing GoDigital's total investment in Cinq Music to $160 million.
GDMG's Commerce division acquired consumer brand Eastern Mountain Sports and its physical retail business alongside New England retailer Bob's Stores for $70 million.




Subsidiares


GoDigital Media Group's subsidiaries include:

GoDigital gets a majority of its revenues from purchasing and licensing digital content. It also facilitates distribution deals with streaming services like Netflix or Hulu, on behalf of content creators. It develops and markets software that distributes digital multimedia content, tracks where it's been used, and translates the content for international markets.
Cinq Music Group is a music rights, distribution, and label business focused on Latin and indie music. As of 2022, it licenses about 47,000 recordings.
AdShare is a digital rights business that finds copyrighted audio content being used in third-party YouTube videos without permission.
Sound Royalties provides financing to artists in exchange for royalties.
Networks:

Latido Music creates multimedia content targeting millennial and Gen Z audiences.
NGLmitú creates digital content intended for the Latino demographic. For example, it creates stories, programs, and documentaries on food and lifestyle topics, as well as branded content.
YogaWorks is an online yoga service.
Commerce:

GoDigital Brands is the subsidiary that manages GoDigital's commerce brands.
ContentBridge is a supply chain software company.




References

Kata Kunci Pencarian:

• Merlin Network
• GoDigital Media Group
• GoDigital
• Cinq Music Group
• Bob's Stores
• YogaWorks
• Eastern Mountain Sports
• 7 Blue Skies
• Jason Peterson
• Beehive (band)
• Terron Brooks