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Business News Deals Labels & Publishers Management & Funding
Cooking Vinyl announces venture capital alliance
By CMU Editorial | Published on Tuesday 17 May 2011
Following his appearance on the Music Company Of The Future panel at The Great Escape last Friday, Cooking Vinyl chief Martin Goldschmidt has announced a new alliance with a venture capital organisation called Icebreaker, which will see the indie label and its sister distribution company Essential introducing artists to the investment fund with the possibility of them investing into artist ventures being managed by one of Goldschmidt’s companies.
Icebreaker have already been involved in some Cooking Vinyl projects, including Marilyn Manson’s upcoming new album.
Says Goldschmidt: “This is the first time to my knowledge that venture capital has teamed with a record label in such a significant way. We’re excited that Icebreaker have recognised the experience and professionalism that Cooking Vinyl bring to the equation. Between us we have the skills and financial leverage to maximise the chances of a project’s success”.
Caroline Hamilton, founder and MD of Icebreaker Management, added: “Our investors have a huge appetite for professionally managed acts. We’re delighted to be working alongside the people at Cooking Vinyl and we’re confident that, with their assistance, we will be able to help maximise returns for the Icebreaker LLPs, and at the same ensure that talent is properly rewarded”.
