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Cinq Music Acquires T.I. Catalog
11-13-2017 | Business News
Los Angeles - Cinq Music, a technology-driven record label, music distribution and rights-management company, has acquired multi-Grammy winning rapper T.I.'s catalog from Warner Music Group as part of its Parlophone Label Group divestment program. The announcement was made by Cinq Music co-founder and President Barry Daffurn. T.I.'s signing marks the first step in Cinq acquiring artist rights since receiving $20mm in Series B funding earlier this year.
The acquisition of the T.I. catalog is Cinq's first acquisition since being recently infused with $20 million in Series B funding. "Through artists like T.I, we're showing Cinq is a company that artists of all sizes can rely on to maximize the value of their intellectual property," says Daffurn. Albums to be re-released under Cinq Music include T.I.'s Trap Muzik, Urban Legend, King, No Mercy, and Paper Trail, among others.
T.I. is a three-time Grammy award winning rapper, actor, and entrepreneur from Atlanta, Georgia. He has released nine studio albums, seven of which have reached the top five on the US Billboard 200 chart. He has also released numerous successful singles, including the hits "Bring Em Out", "Whatever You Like", "Live Your Life" (featuring Rihanna), "Dead and Gone" (featuring Justin Timberlake), "Ball" (featuring Lil Wayne) and "No Mediocre" (featuring Iggy Azalea). T.I. has also had a successful acting career, staring in movies such as Marvel's "Ant-Man", "American Gangster", "Get Hard", "Identity Thief" alongside Melissa McCarthy and Jason Bateman, "Entourage", "ATL", and "Sleepless" alongside Oscar winner Jamie Foxx.
Cinq Music is a technology-driven record label, music distribution, and rights management company. Cinq's repertoire includes multiple Grammy wins, dozens of RIAA certifications, numerous number one Latin Urban and Tropical Billboard singles, and was nominated for Latin Rhythm Label of The Year at the 2016 Latin Billboards. http://www.cinqmusic.com
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