The Harry Fox Group
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The Harry Fox Group - overview
Established
1927
Location
New York, NY, US
Primary Industry
Financial Services
About
The Harry Fox Group specializes in providing comprehensive mechanical licensing solutions for music publishers and users, streamlining licensing and royalty administration services across various formats and platforms. Founded in 1927 and headquartered in New York, US, The Harry Fox Group focuses on mechanical licensing solutions for music publishers. In July 2015, the company was acquired by SESAC LLC for USD 20 mn, marking a significant pivot in its business strategy. The CEO is Michael Simon.
The Harry Fox Agency (HFA) primarily delivers mechanical licensing solutions to music publishers and users, including physical and digital formats. With its Rumblefish services, HFA simplifies licensing and royalty administration for clients such as digital music distributors and record labels, ensuring compliance with licensing requirements. The agency supports a diverse client base across North America, Europe, and Asia-Pacific, leveraging a vast database of music compositions and sound recordings to connect users with rightsholders, ensuring accurate royalty distribution. In the most recent year, 2014, HFA generated revenue of USD 182,000,000 through a range of licensing agreements, facilitating mechanical licenses for clients on a B2B basis.
The agency's transactional structure includes one-time payments and ongoing royalties based on music usage, with Rumblefish enhancing efficiency in data management and royalty distribution. Following its acquisition in September 2015, The Harry Fox Group plans to utilize its recent funding to enhance its service offerings and expand into new markets. Future initiatives include launching new products and expanding operations into Europe and Asia-Pacific by 2022, with a focus on increasing its client base among digital music platforms. The company aims to utilize the USD 20 mn from its latest funding round to support these strategic expansions and product developments.
Current Investors
SESAC LLC
Primary Industry
Financial Services
Sub Industries
Brokerages
Website
www.harryfox.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
The Harry Fox Group - financials
| Fiscal Year Ended | Dec 31, 2014 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
The Harry Fox Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | The Harry Fox Group | - |
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