Apple veteran Larry Jackson launches Gamma, a $1 billion music and media company funded by Apple and Eldridge!
After racking up multiple wins from Black History Month, these heavyweights are bringing a new definition to black excellence!
Former Apple CEO Larry Jackson Launches Gamma, New Music Company With Usher, Rick Ross In List https://t.co/6QlFXpcB3P
– Variety (@Variety) March 8, 2023
Apple veteran Larry Jackson founded a new company that will take the music industry by storm
On March 8, Billboard announced that former Apple CEO Larry Jackson is embarking on a new business venture, Gamma, that will allow major artists and brands to work side-by-side with music. , movies, merchandise, fashion and other fields.
Jackson, who left Apple Music in September, after seven years with the company, has kept quiet about his next move since the transition, but people expect big things to come for him. due to his long-standing relationships with some of Apple Music’s top stars. our times, including Kanye West, Nicki Minaj, Lil Wayne and Drake.
Gamma was co-founded by former Interscope CFO, Ike Youssef, and is said to have $1 billion in equity and debt available, according to Variety.
Usher & Rick Ross Join Larry Jackson In His New Business
The first artists to join the Gamma list were Usher & Rick Ross, and according to Billboard, a stake in the Death Row catalog acquired by Snoop Dogg is rumored to be part of this new effort.
Sources are said to have told Variety that Jackson also “ints to sign Travis Scott, who has one more album left in his contract with Epic Records,” and has his eye on Dr. Dre’s catalog recently. sold for $200 million.
Gamma focuses on three basic pillars: content creation, content distribution, and growing an artist-centric business enterprise that will allow them to stay connected with different segments of the industry. music business.
Larry Jackson Reaches Podcasting Deal With The Shade Room Founder, Angelica Nwandu
In December 2022, Larry Jackson acquired the distribution platform, Vydia, and recruited the platform’s employees into his new company. He even struck a podcast deal with our very own founder, Angelica Nwandu.
We are extremely pleased to announce that Vydia has been acquired by gamma.
gamma. was founded by Larry Jackson, former Apple Music Global Creative Director and veteran music executive Ike Youssef, with financial backing from Eldridge, Apple, and A24.
This is just the beginning. pic.twitter.com/FoChydQNyo
– VYDIA (@vydiaofficial) March 8, 2023
Billboards started appearing around Sunset Boulevard in Los Angeless and Times Square in New York hint that something big is being done.
Sources even say that Jackson and LA Reid, former presidents of Epic Records, Island Def Jam & Arista, are working to get the rights to Usher’s last album in his contract with RCA Records with No. Money and project percentage are not disclosed.
Not many people can raise $1 billion for a new business and passion project, so you can tell Mr. Jackson doesn’t play the game!
Roommate, what kind of business would you create if someone invested $1 billion to get you started?
