DLA Piper advises music platform Duetti in US$200 million new debt financing

DLA Piper advised Duetti, a music platform that aims to democratize catalog monetization for independent artists, in securing US$200 million in new debt financing.

The US$200 million was composed of a US$150 million bank facility and a $50 million side facility. The capital will be used to finance acquisitions and provide catalog management and marketing services.

Since being founded in 2023, Duetti has partnered with over 700 artists across genres, based in over 30 countries. Artists have immediate access to the funds needed to support their careers by selling music rights (full masters, publishing rights, or portions thereof) in deals ranging from US$10,000 to US$7 million. The company’s management and marketing services have also helped artists and other music creators maximize distribution and audience impact across all platforms, driving significant increases in streams and visibility.

The DLA Piper team was led by Co-Chair of DLA Piper’s Entertainment Finance Practice Robert Sherman (Los Angeles) and Partner in DLA Piper’s Structured Finance team Claire Hall (Los Angeles). The team included partners Rachel Fertig (Washington, DC) and Gerald Rokoff (New York); of counsel Greg Young (Los Angeles); and associates John Wei (Boston) and Chaliz Taghdis and Payvand Coyle (both in Los Angeles).

DLA Piper's market-leading music industry team advises on domestic and cross-border M&A, finance, investment and corporate issues in the music sector, and is a leader in the burgeoning field of music rights securitizations, structured warehouse credit facilities, and bank and private credit music rights financing structures.

DLA Piper’s Asset-Backed Securities (ABS) lawyers have decades of experience advising on complex securitizations across multiple asset classes, both traditional and nontraditional. Our ABS team advises on domestic and cross-border structured finance transactions. We represent issuers, underwriters, placement agents and investors in 144A, 4a2 and other issuances. Our experience ranges from securitizations of “fintech” small business loans and consumer loans to “esoteric” securitizations, including data center warehouse leases, solar, art, renewable energy assets, music royalties, and other intellectual property rights. We have advised on some of the “first to market” deals in emerging esoteric asset classes.