Cinq Music has raised $250 million from parent company GoDigital Media Group for further music rights acquisitions. The funding builds on the $160 million previously given by GoDigital to Cinq. Jason Peterson, chairman/CEO of GoDigital Media Group, stated their vision is to amass a billion-dollar balance sheet of music rights. Cinq, which focuses on Latin music and hip-hop, claims to have more than $300 million of assets under management spanning 80,000 recorded music and publishing copyrights. The company has been significant in the rise of Regional Mexican music and has worked with artists such as Fuerza Regida, Natanael Cano, and Tito Torbellino Jr.
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