New Delhi [India], July 20: Global Middas Capital Music (GMC Music) has come out with an initial Equity Private Placement Offer to raise USD 11 Million (approx 100 Cr). The funds would be invested to build the music content library for the Indian & International Market. It will position GMC Music as one of the leading music production houses not only in India but internationally, with a diversified multilingual content library. Now with Multiple International Music Platforms and a digital boom, the GMC Music library will witness multifold monetization, driving strong fundamental growth in the business.
The business is valued at Rs 500 Cr (Approx 52 Million USD) with rich content concentrating on Indian regional languages with a focus on creating music labels and content including Bollywood Soundtracks, Indi-Pop/Pop Chartbusters, Devotional & Bhakti, etc. Along with mainstream Hindi, the music content creation library will include Punjabi, Kashmiri, Tamil, Telugu, Malayalam, Marathi, Bengali, Assamese, Gujarati, Bhojpuri, Kannada, Garhwali, and Kumaoni.
Internationally, English, Spanish, Mandarin, Korean, Portuguese, Arabic, and other multilingual music composition libraries will also be created over time.
Global Middas Capital Music (GMC Music) is a promising platform to scout, nurture, and launch Indian & International young talented musicians & singers across Indian and international languages. Music Composition, Production & Distribution, along with Artist Management, will be the core business activities of GMC Music. Established Indian & International singers for Music Albums & International Tours will also be signed, taking the music to global international music lovers & destinations.
The company, going forward, will organise large-scale live musical events globally and will discover, manage, and groom new-generation singers and digital influencers. This will be a very interesting Music Composition Platform where, from diversified languages and geographical territories, new talent will be identified, nurtured, launched, and their tours will be planned, giving a 360° exposure and experience to those young girls and boys who dream of making their career as professional singers and musicians globally.
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