If there’s one identify on the earth of asset valuations that’s embedded itself on the heart of music’s catalog buyout craze, it’s Massarsky Consulting.
The New York-headquartered agency has performed an integral function in a spate of headline-grabbing acquisition offers in recent times – offers made by corporations akin to Spherical Hill, Downtown, Reservoir, BMG, SONGS Music Publishing, Sony Music Publishing, Common Music Publishing, Warner Chappell Music and lots of extra.
As well as, Massarsky has turn out to be well-known in business circles as the continued valuer of Hipgnosis Songs Fund’s NAV [net asset value].
Now – simply when the music rights M&A market couldn’t get any hotter – Massarsky has been acquired by skilled companies agency Citrin Cooperman for an undisclosed price.
Barry Massarsky, who based Massarsky Consulting in 1992, is becoming a member of Citrin Cooperman as a Associate.
Additionally becoming a member of Citrin Cooperman as a Associate is Nari Matsuura, who has been a Associate at Massarsky Consulting since 2005, having initially joined the agency in 2001.
“Barry’s identify is synonymous with the economics of music and his group shall be a incredible addition to our agency.”
Joel Cooperman, Citrin Cooperman
Barry Massarsky and Nari Matsuura turn out to be co-leaders of Citrin Cooperman’s new Music Economics and Valuation Companies Observe.
Additionally becoming a member of this observe shall be members of Massarsky’s well-regarded staff, together with Elon Altman and Jake DeVries.
As such, The Massarsky Group will be part of Citrin Cooperman’s Leisure, Music, and Sports activities Observe, led by Associate Matthew Segreto.
Citrin Cooperman Government Chairman Joel Cooperman mentioned: “Barry’s status within the leisure business precedes him. His identify is synonymous with the economics of music and his group shall be a incredible addition to our agency.”
“Nari has singlehandedly revolutionized the customized and observe of music valuation research… In 2021 alone, she has led over 300 music asset valuations valued at over $6.5 billion.”
Alan Badey, Citrin Cooperman
Alan Badey, CEO of Citrin Cooperman, provides: “Nari has singlehandedly revolutionized the customized and observe of music valuation research and helps a lot of the institutional funds transacting on this market.
“In 2021 alone, she has led over 300 music asset valuations valued at over $6.5 billion.”
“We’re thrilled to have the Massarsky Group be a part of the Citrin Cooperman staff,” mentioned Barry Massarsky, founding associate of Massarsky Consulting.
“It was essential for us to discover a agency with a deep understanding of the identical music business copyright pursuits for which we’re so well-aligned for the final 29 years. We wished a associate that really creates the brand new useful resource capability for our essential work forward.”
“We’re thrilled to have the Massarsky Group be a part of the Citrin Cooperman staff.”
Added Nari Matsuura, “Becoming a member of Citrin Cooperman was the pure subsequent step for our agency given its development, and collectively we will absolutely serve the frequently rising demand for our companies within the music business.
“We’re so excited to start 2022 as a part of their staff.”
“Becoming a member of Citrin Cooperman was the pure subsequent step for our agency given its development.”
Citrin Cooperman CEO Alan Badey commented: “The Massarsky Group has a deep understanding of business dynamics, is dedicated to fostering long-term relationships, and has a real ardour for the work that they do. We couldn’t be extra excited to have a agency be part of that aligns so completely with our values.”
Massarsky Consulting gives strategic counsel to homeowners of music copyrights, in addition to valuation, litigation economics, and efficiency revenue overview.
Matthew Segreto, chief of Citrin Cooperman’s Leisure, Music, and Sports activities Observe, shared, “The mixed assets of our two companies will convey an unprecedented degree of depth and breadth of expertise and experience to our leisure and enterprise administration shoppers.”
Citrin Cooperman’s leisure and enterprise administration observe areas have grown quickly over the previous few years, pushed by its West Coast enlargement, which included the addition of the Beverly Hills, CA; West Los Angeles, CA; and Woodland Hills, CA workplaces.
Massarsky Consulting was represented within the acquisition by its longtime authorized counsel, Michael Poster of Michelman & Robinson, LLP.
Massarsky Consulting was additionally represented by Brian Richards of Artisan, a specialty funding financial institution which gives advisory companies all through the music, media, and leisure industries.Music Enterprise Worldwide