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WOODSTOCK, DAY TWO
Once upon a time...at Yasgur's farm (8/16a)
RAINMAKERS: THEY CONTROL THE WEATHER
This is no ordinary doorstop. (8/15a)
SONG REVENUE CHART: DOG DAYS
But things will liven up soon. (8/16a)
A PRESEASON
HITS LIST
The biz is getting its game face on. (8/16a)
GRAMMY CHEW: COMING IN
UNDER THE WIRE
More speculation over lox and bagels (8/16a)
HEAT!
Seriously, we can't take off any more clothes at the office.
DOLDRUMS!
Nothing doing.       
LUNCH!
Well, what do YOU want?      
VACATION!
Badly needed.     
Pub Crawling
LYRIC LIFTS SPIRIT
1/25/19

The newly formed Lyric Capital Group has taken over Spirit Music Group after a recapitalization led by COO Jon Singer, who becomes Chairman of the publishing company. 

In addition to being chairman, Singer will be a Managing Partner of Lyric while Spirit’s Ross Cameron will retain an executive role at Spirit and become a Partner at Lyric. Spirit Chairman David Renzer will be leaving the company.

Music Business Worldwide reported that the capitalization is more than $350m. Pegasus Capital Advisors was Spirit’s previous majority owner.

"There is a powerful shift occurring within the music industry and this new dynamism means that Spirit is especially well-positioned for growth,” says Singer. “We are privileged to have major institutional investors on board, providing us with additional capital to grow.”

The capital raise is expected to allow Spirit, which owns and manages 75,000 copyrights and master recordings ,to leverage the surging interest in music publishing assets.

Among its most notable songwriters and writer/artists are Pete Townshend, Henry Mancini, Doc PomusJames Bay and Alan and Marilyn Bergman.