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Metallica Join New Investment Fund Focused on Acquiring Song Catalogs

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Metallica and band manager Cliff Burnstein join a new investment venture focused on acquiring song catalogs — and specifically classic-rock catalogs

The Worldwired IP Fund, the latest in a new breed of acquisition ventures focused on music rights, is expected to have resources worth between $300 and $500 million. Song catalogs — specifically classic-rock catalogs — will comprise a significant portion of the venture’s portfolio, though the Worldwired Fund says it is interested in other kinds of intellectual property as well.

While Metallica is not spearheading the fund, the fund’s name — perhaps in a nod to their involvement — shares a name with Metallica’s WorldWired Tour, which was launched back in 2016 in support of their most recent studio album,Leading the Worldwired IP Fund is ex-Morgan Stanley investment banker Paul Donahue, who also serves on the advisory board of Metallica’s All Within My Hands foundation.

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Those are not physical world tattoos, they are being marked by God.

So ... they are going to monopolize publishing rights to make more stupid money? Cool, cool.

bluredfrank And nothing else matters!

🍇 Member Napster?

Theft.

Lars Ulrich still sucks

Oh great...more classic rock being ruined by commercials.

There goes all our music and Youtube content.

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