- Cutting Edge Media Music (CEMM) announced that it raised $100 million in new funding. These are the details.
Cutting Edge Media Music (CEMM) announced that it has secured $100 million in new financing from a consortium of banks led by Pinnacle Financial Partners. And CEMM, a division of the Cutting Edge Group, is a financing and investment company with expertise in music for film, television, video games and more. The company was supported by the other businesses in the Cutting Edge Group, which provide music publishing, record label and music services to feature films, TV shows, musical theatre productions and video games.
Pinnacle Financial Partners, based in Nashville, manages nearly $2 billion in entertainment-related accounts with clients including artists, songwriters, international music label and publishing businesses, film and TV studios, and a slew of sports properties and other entities. Tim Hegarty, CEG’s head of mergers and acquisitions, represented Cutting Edge in the transaction.
Cutting Edge Group is a financing and investment company with expertise in music for film, television, video games and more. And the company also operates as a publisher and record label and has provided a range of music services to over 1,000 feature films, TV shows, musical theatre productions and video games. Some notable projects to which it has contributed these services include Stranger Things, Bridgerton, The King’s Speech, Moonlight, Drive, Star Trek: Discovery, Fury, John Wick, Sicario, Whiplash, Hacksaw Ridge and The Walking Dead; Broadway shows like Matilda, The Color Purple, Anastasia and My Fair Lady; and video games such as Sunset Overdrive, Assassins Creed Valhalla, Red Dead Redemption and Cyberpunk 2077.
Cutting Edge Group’s media music divisions include Cutting Edge Music Publishing (music publisher), Lakeshore Records (film, TV & video game soundtracks), Broadway Records (musical theatre soundtracks), Music.Film (licensing platform), and White Stork (custom music house).
KEY QUOTES:
“I look forward to our partnership with Pinnacle to help give the next wave of film and TV composers the opportunity to monetize their catalogues.”
— Philip Moross, the founder and CEO of Cutting Edge Group
“The team at Pinnacle is thrilled to expand our relationship with Cutting Edge, whose deep understanding of the film/TV composer universe aligns with our mission to honor and support creative communities.”
— Andy Moats, the director of music, sports and entertainment for Pinnacle
