Audio Chateau Information raises $4.5m; appoints Glen Barros and Jonathan Schulman to board

Audio Chateau Records, a untouched label beneath Jared Gutstadt’s Audio Up Media podcast corporate, has tie $4.5 million in investment from a bunch of traders together with Glen Barros, Gillian Hormel, and Jonathan Schulman.

Following the fundraising, the corporate has introduced in traders Barros and Schulman because the label’s first appointed board individuals. Barros is a Managing Spouse at Exceleration Tune. He left his function as Leading Working Officer of Concord on the finish of 2019, following a 25-year tenure, toestablish Exceleration Tune.

Exceleration has since been on a purchasing spree in recent times, acquiring Chicago-based label Bloodshot Information in 2021; the catalog of US sovereign label Kill Rock Stars in 2022; and Redeye, the distribution spouse of Beggars, Domino and alternative indie labels, in 2023.

Audio Chateauhas additionally introduced a couple of strategic hires to toughen its management staff. Trade veteran Grayson Flatness joins as A&R marketing consultant, bringing a wealth of revel in from his tenure at Sounds Just right. Kate London, with a background at World Tune Rights, InterscopeInformation, and WarnerInformation, will rush at the function of Head of Felony and Industry Affairs for the label.

Introduced in January 2024, Audio Chateau Information is on target for quite a few releases this yr. The label’s roster contains regional Mexican artist Grupo Linea, comedy-country superstar Uncle Drank, RandySavvy of the ComptonCowboys, and the condition and wellness staff MaejorAudioSunshine, that includes manufacturer and recording artist Maejor, English singer-songwriter Bipolar Sunshine, and songwriter, manufacturer and Audio Up CEO Jared Gutstadt.

Previous to its origination, the label partnered with Virgin Tune Crew “to launch new talent into the stratosphere.”

“So much of our audio entertainment incorporates original music, and we are constantly discovering and working with new talent that deserves to be heard by a wider audience,” Gutstadt used to be quoted through Billboard as pronouncing in December 2023.

Gutstadt, a Canadian-born musician, is a 25-time ASCAP Award winner. Previous to inauguration Audio Chateau’s mum or dad corporate, Audio Up Media, in 2020, he based the ingenious tune company JinglePunks in 2008. Jingle Punks, which has places of work in Los Angeles, Brandnew York, Toronto, and London, used to be sold to Canadian rights control corporate ole in 2015.

In December 2022, Audio Up Media closed a Layout C investment spherical, giving it a $150 million pre-money valuation. This funding, totaling “just shy” of $10 million, introduced Audio Up’s general investment to $20 million, the corporate showed to MBW on the life.

Audio Up additionally counts Primary Wave Music Publishingand Brandnew York-headquartered Reservoir Media amongst its backers. In 2022, Audio Up entered right into a strategic alliance with Universal Music Publishing Group to signal songwriters and form distinctive tune for Audio Up’s latest podcast systems.

Tune Industry International