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# Nettwerk Music Raises $10.25 Million For Artist Development
- URL: https://www.hypebot.com/nettwerk-music-raises-1025-million-for-artist-development/
- Published: 2013-05-01T11:00:00.000Z
- Updated: 2013-05-01T11:00:00.000Z
- Description: Terry McBride, founder of Nettwerk Music Group, says his company has raised a fresh round of $10,25 million in equity growth financing, and are on the lookout for projects and. Continue reading [https://www.hypebot.com/hypebot/2013/05/nettwerk-music-raises-1025-million-for-artist-development.html]
- Author: Bruce Houghton
- Tags: Music Business, #wp, #wp-post, #Import 2026-01-21 10:43

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Terry McBride, founder of Nettwerk Music Group, says his company  
has raised a fresh round of $10,25 million in equity growth financing, and are on the  
lookout for projects and new artists to develop. This latest financing includes investments from HBC  
Investments, as well as additional investment from current shareholders  
Beedie Capital ands Nettwerk’s four founding partners: Terry  
McBride, Ric Arboit, Dan Fraser and Mark Jowett.

McBride indicated that the company will use the infusion of capital for  
developing both new and existing artists on their roster, as well  
expanding music licensing opportunities for their current catalog. In  
addition, McBride said Nettwerk would continue to be an active acquirer  
of catalogue music rights.

"Nettwerk for the past few years has been growing at a very good rate,"  
McBride told the Vancouver Sun. "We're having a lot of success right  
now. Being a better capitalized company allows us to take better  
opportunities versus having to live off our own cash flow. So this is me  
seeing that the time is right to do this and grow the company rapidly."

Nettwerk has been having some success of late with new artists on their  
roster, including chart-toppers fun., Chinese singer/songwriter Wanting  
Qu, and Australian singer-songwriter Passenger. Other additions to  
Nettwerk's roster this year include BOY, Savoir Adore, The Paper Kites  
and The Pack A.D.

Originally founded in 1984, Nettwerk has been involved in the careers of  
major artists, including Avril Levigne Sarah McLachlan, with whom they  
partnered in the hugely successful Lilith Fair touring festivals from  
1997-99\. Nettwerk also played a key role in bringing Coldplay to North  
America, releasing their first album "Parachutes" domestically in 2000.

However, in recent years, McBride and Nettwerk have seen some setbacks,  
including the disastrous resurrection of the Lilith Fair in 2010 as well  
as the departure of long-time management clients Avril Levigne and  
Sarah McLachlan in 2008 and 2011 respectively.

Still, McBride seemed sanguine about these setbacks, telling the  
Vancouver Sun that moving away from management duties has opened the  
door to new opportunities.

"It was the final shift to free up my time, frankly," McBride said.  
"Would we be having the success we're having with Wanting and Passenger  
if I'd been locked up as a manager? Probably not." *– via [CelebrityAccess](http://www.celebrityaccess.com/?ref=hypebot.com)*

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