GoldState invests in music, creators and entrepreneurship

ABOUT

GoldState Music (GSM) is a private investment firm with a primary focus on the music sector. Our funds invest in music rights, enterprises in need of growth and expansion capital, as well as emerging music technology. The firm was founded in 2022 by Charles Goldstuck, and currently has offices in New York, NY and Lake Nona, FL (Orlando). The team consists of experienced industry professionals who are deeply rooted in the music ecosystem.

Rights Fund

GoldState’s rights fund invests in music intellectual property assets, such as full catalogs, influential copyrights, master recordings and publishing rights.

The rights fund leverages our vast global industry expertise to identity rights with attractive performance trajectories. An active management strategy combined with GoldState’s unique fund synergy provides further catalog growth opportunities.

Growth Fund

Our growth fund focuses on investing in music-oriented companies that align with our defined set of appealing traits: healthy growth rates, exceptional leadership and management teams, growth capital requirements, the potential for attractive margins, and a well-established position in the market.

Utilizing our skills and experience, we aim to be an active investor where we can provide unparalleled industry access and participate in the strategic planning of our portfolio companies based on mutually aligned needs and goals.

Venture Fund

Over the past decade, the streaming revolution has reshaped our collective access to music. At the same time, the boom in social media has placed endless content at the tips of our fingers.

Taken together, these facets and the emergence of Web3 provides an unprecedented opportunity to forever change how we access music, interact with creators, build communities, and entertain ourselves. We invest in entrepreneurs who we believe will usher in the next wave of innovation in the music ecosystem.

PORTFOLIO

Alan Walker is an artist, DJ and producer from Norway. Since his emergence onto the global music scene with his break-through single Faded, Alan Walker has grown into becoming one of the biggest artist brands within the EDM genre, amassing over 50 billion global streams and more than 115 million followers across social media.

Audius is a blockchain based, decentralized streaming platform. Audius removes the middlemen in the traditional music industry by connecting artists directly to their fans. Artists have the sole ownership of their music and can decide how to monetize them on the platform. Audius has 5.9 million active users backed by over 250,000 artists.

Corite is a fan funded distribution and Web3 platform that enables artists to receive funding and marketing support from their fans. In return, fans are able to get a share of future streaming revenue from their favorite artists. Corite uses a fan funding model, where backers get a percentage of the artist’s future profits when investing actively.

GoldState Music Rob Williford

Rob Williford is a songwriter and guitarist best known for his frequent collaborations with country star Luke Combs. Williford’s impressive portfolio of writing credits includes the 2019 CMA Song of the Year, Beautiful Crazy and the chart-topping singles Forever After All and Doin’ This.

GoldState Music The Sanctuary at Albany

The Sanctuary is a state-of-the-art recording studio situated along the mega-yacht marina within the luxury resort community of Albany in The Bahamas, where the most talented musicians have been inspired to produce their best work. By merging state-of-the-art recording facilities and a renowned management team with a luxury resort setting, it creates the ultimate haven for creators to be inspired.

TouchTunes is a music and entertainment platform, Featured in over 75,000 bars, restaurants and other social venues across North America and Europe, TouchTunes is bringing people together with fun, interactive music and entertainment solutions. Their flagship jukeboxes, paired with an extensive music catalog and mobile app, inspire millions of people every week to play the right song at the right time at their favorite hangouts.

GoldState Music The Sanctuary at Albany

The Sanctuary is a state-of-the-art recording studio situated along the mega-yacht marina within the luxury resort community of Albany in The Bahamas, where the most talented musicians have been inspired to produce their best work. By merging state-of-the-art recording facilities and a renowned management team with a luxury resort setting, it creates the ultimate haven for creators to be inspired.

TouchTunes is a music and entertainment platform, Featured in over 75,000 bars, restaurants and other social venues across North America and Europe, TouchTunes is bringing people together with fun, interactive music and entertainment solutions. Their flagship jukeboxes, paired with an extensive music catalog and mobile app, inspire millions of people every week to play the right song at the right time at their favorite hangouts.

Alan Walker is an artist, DJ and producer from Norway. Since his emergence onto the global music scene with his break-through single Faded, Alan Walker has grown into becoming one of the biggest artist brands within the EDM genre, amassing over 50 billion global streams and more than 115 million followers across social media.

Audius is a blockchain based, decentralized streaming platform. Audius removes the middlemen in the traditional music industry by connecting artists directly to their fans. Artists have the sole ownership of their music and can decide how to monetize them on the platform. Audius has 5.9 million active users backed by over 250,000 artists.

Corite is a fan funded distribution and Web3 platform that enables artists to receive funding and marketing support from their fans. In return, fans are able to get a share of future streaming revenue from their favorite artists. Corite uses a fan funding model, where backers get a percentage of the artist’s future profits when investing actively.

GoldState Music Rob Williford

Rob Williford is a songwriter and guitarist best known for his frequent collaborations with country star Luke Combs. Williford’s impressive portfolio of writing credits includes the 2019 CMA Song of the Year, Beautiful Crazy and the chart-topping singles Forever After All and Doin’ This.

GoldState Music The Sanctuary at Albany

The Sanctuary is a state-of-the-art recording studio situated along the mega-yacht marina within the luxury resort community of Albany in The Bahamas, where the most talented musicians have been inspired to produce their best work. By merging state-of-the-art recording facilities and a renowned management team with a luxury resort setting, it creates the ultimate haven for creators to be inspired.

TouchTunes is a music and entertainment platform, Featured in over 75,000 bars, restaurants and other social venues across North America and Europe, TouchTunes is bringing people together with fun, interactive music and entertainment solutions. Their flagship jukeboxes, paired with an extensive music catalog and mobile app, inspire millions of people every week to play the right song at the right time at their favorite hangouts.

TEAM

Charles Goldstuck GoldState Music

Highly accomplished operating executive and investor within recorded music, music publishing, and technology. Founder and Co-Chairman of Hitco Entertainment, a music and entertainment company focused on the creation, production, recording, and distribution of recorded music and artist services. Prior roles include Executive Chairman of TouchTunes Interactive Networks (Octave Group), the world’s largest out of home interactive digital entertainment network; President and COO of the Bertelsmann Music Group (BMG). Co-founded J Records in 2000 with industry legend Clive Davis and built it into the RCA Music Group. Founder of The Sanctuary at Albany, a state-of-the-art recording studio and music academy.

Charles Goldstuck

Managing Partner

Yonas Aregai GoldState Music

Music business professional with international experience throughout various fields within the industry.Most recently the General Manager and Partner of MER Group, one of the most successful music companies out of the Nordic region. Developed flagship client Alan Walker into becoming one of the most popular artists within the EDM genre, amassing 50 billion streams worldwide since his 2015 debut. Areas of responsibilities within the firm includes artist and writer management, label operations, publishing services, business affairs, and commercial partnerships. Holds a BA degree in marketing management from Norwegian School of Management and University of California, Berkeley. Recognized as one of the Nordic Music Industry’s ‘Top 20 under 30’ by NOMEX (a collaborative organization facilitating growth in the Nordic music sector).

Yonas Aregai

Chief of Staff

Golstate Headshots AJCaruso

Finance professional with investment banking and start-up operating experience. Responsible for planning and analysis at GoldState Music across all three funds (Rights, Growth Equity and Venture). Previously the Head of Strategy and Finance at Hitco Entertainment, a PE-backed contemporary music and entertainment company. Strong knowledge in music valuation, advising on both buy and sell-side catalog sales. Prior to Hitco, AJ was employed at Deutsche Bank in NYC in their Financial Sponsors Investment Banking group. Honors Program graduate from the Carroll School of Management at Boston College.

AJ Caruso

Principal

Joshua Sallen GoldState Music

Finance professional with experience in all stages of music rights acquisitions, from ingestion of raw historical royalty data and valuation underwriting to investment execution and portfolio management. Responsible for leading the identification, review and evaluation of music investment opportunities, as well as portfolio monitoring and management of acquired catalogs. Previous catalog acquisition experience with Influence Media Partners, a BlackRock-backed music rights fund. Prior to his role at Influence Media Partners, Josh built his foundation in finance through roles in private equity with Pomona Capital and investment banking with Wells Fargo Securities. He received his MBA from Duke University’s Fuqua School of Business and his BBA from Emory Unive rsity’s Goizueta Business School.

Joshua Sallen

Principal

Carolyn Peterson GoldState Music

Highly impactful finance, strategy and operations executive. Previously Chief Financial Officer at Hitco Entertainment, a music and entertainment company focused on the creation, production, recording and distribution of recorded music and artist services. Experience includes 25 years at Paramount Pictures in various executive roles including Executive Vice President, Finance, Sales Administration and Operations for $1.6B Worldwide Television & Digital Distribution Division. Seven years of public accounting experience at KPMG, specializing in the entertainment industry. CPA in the state of California and MBA from the Anderson School of Business.

Carolyn Peterson

Senior Financial Director

Lance Jung GoldState Music

Accounting and Operations professional with music administration experience Currently the Controller and Head of Production at Hitco Ente rtainment, leading all accounting and supply chain administration for the company Previously employed at Grant Thornton’s Business Risk/Advisory Services practice, with significant experience in financial and operational audits, enterprise risk assessment, IPO planning, and ERP software planning/implementation Dual bachelor’s degree graduate from the University of California, Los Angeles.

Lance Jung

Chief Administration Officer

Alan Newham GoldState Music

Highly experienced financial and operating executive in the recorded music and music publishing fields Extensive knowledge of music licensing and distribution arrangements as well as recording artist and music publishing contracts; deep experience of the underlying systems widely used to operate and comply with such agreements. Involved in numerous negotiations to acquire recorded music and music publishing businesses Most recently Senior Vice President Finance & Business Operations for Octave Music Group International, based in London. Previously General Manager of TouchTunes’ international business, leading the expansion into Europe and the multiple negotiations that created the largest supplier of interactive music in public venues Other prior roles include senior positions at Sony Music Entertainment and partner at Ernst & Young.

Alan Newham

Senior Financial Director

Patrick Nelson GoldState Music

Finance and Production professional with experience in music administration, data, reporting, and analysis. Currently the Manager of Finance and Production at Hitco Entertainment, assisting in supply chain administration, performance reporting, and revenue projections. Experience in data cleaning and analysis. Leads copyright administration for the company. Previously interned at The Orchard Music Distribution within the physical department. Bachelor’s degree graduate from Bates College.

Patrick Nelson

Senior Analyst

Ben Chaiken GoldState Music

Web3 Consultant, Investor and Project Founder with experience in decentralized business development, DAO formulation, tokenomics creation, whitepaper writing, social media marketing and blockchain education. Former Brand Velocity Group Private Equity Fellow with experience in LBO modeling and deal structuring. Previously employed at Grant Thornton Public Sector in the strategy service line with a focus on cybersecurity solutions onboarding and legislative monitoring. Bachelor’s Degrees in International Relations and German from Colgate University.

Ben Chaiken

Analyst

Paul Craig GoldState Music

Results-driven human resources professional with expertise in employee relations, recruitment, performance management, payroll and benefits administration, policy development and implementation, training and development, and compensation. Excellent interpersonal and communication skills coupled with sound business judgment. Proficient in assisting organizations in meeting business objectives in a rapidly changing environment. Team player, bringing enthusiasm and energy into group efforts.

Paul Craig

Director, Human Resources

Lauren Cunningham GoldState Music

Live events and administrative professional. Currently a freelance hospitality coordinator working both domestic and international concerts, festivals, and events. Previously employed as an Administrative Assistant at Townsquare Media with experience in office management and executive support. Bachelors degrees in Entertainment Management and Journalism from The University of Massachusetts Amherst.

Lauren Cunningham

Executive Assistant

ADVISORS

Golstate Headshots PriyankaKhimani

One of India’s leading entertainment, music, and intellectual property rights experts, best known for her unmatched commercial and legal acumen in the Indian entertainment sector. Represents a glowing roster of Indian and international stakeholders and talent. Founder and lead partner at Anand & Anand & Khimani. Core advisor and board member to Canadian blockchain music company “Beatdapp” along with music titan Joe Galante, Canadian Prime Minister Stephen Harper, and veteran executive James Villeneuve.

Priyanka Khimani

Advisor, Entertainment Lawyer

Golstate Headshots AnnMincielli

Leading recording engineer who has worked with generational music talents including Alicia Keys, Jay-Z, Drake, Mariah Carey, Usher, Jennifer Hudson, and Whitney Houston. Winner of two GRAMMY awards and four total GRAMMY nominations and was featured as part of the Recording Academy’s “We Are Music” campaign in 2018 to showcase leading creators. Co-founder of Jungle City Studios in NYC. Partner with Alicia Keys in ‘She Is the Music’, a non-profit organization to increase the number of women in the music industry.

Ann Mincielli

Advisor, Recording Engineer

PARTNERS

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Applying a people-centric approach, Pinnacle aims to provide distinctive financial service and effective advice to its clients, and was awarded with a spot on FORTUNE’s 2020 list of the 100 Best Companies to Work For®.

Tavistock Group is an international private investment family office that consists of a trading operation and a portfolio of public investments and private companies. Their investments consist of more than 200 companies across 13 countries. Tavistock Group’s holdings are diverse and significant in scale, routinely investing long term and taking an active operating role.

PRESS

DJ Alan Walker partners with Corite to launch NFT collection

Corite Enters Web3 Partnership With Superstar DJ and Producer Alan Walker

CONTACT

florida — Lake Nona, FL
6900 Tavistock Lakes Boulevard
Suite 200
Orlando, FL 32827

new york — New York City, NY
30 East 23rd Street
12th Floor
New York City, NY 10010

For general inquiries,
contact us at: [email protected]