NEW YORK, NY – AUGUST 12, 2021: Tempo Music Investments (“Tempo”), an investment platform for premium music rights, announced today the investment in GRAMMY® Award-winning singer-songwriter Tyler Joseph’s catalog. The investment includes some of Tyler’s biggest hits as the songwriter for twenty one pilots including the Diamond certified “Stressed Out,” “Ride,” “Heathens”, and strikes a strategic alliance with Tyler and long-term manager, Chris Woltman, working alongside Tempo on other potential investments.
“The passion from the Tempo team around the idea of these songs, as well as the long-term strategy of their vision, is powerful for a songwriter,” said Tyler Joseph. “I look forward to working with Josh Empson, the team at Tempo, along with Warner Chappell, as we uncover new ways to drive discovery of these songs.”
"Tyler is that rare artist whose towering creative talent is matched only by his courage to be honest and vulnerable in his music,” said Josh Empson, Tempo Chief Executive Officer. “He has given a powerful and nuanced voice to issues that many of us shy away from talking about. His profound authenticity, supported by Chris Woltman’s astute management, has won Tyler millions of fans around the world who feel a deep, abiding, and personal connection to his work. It’s a true privilege for Tempo to partner with Tyler and Chris. This is what we founded Tempo for: to be a long-term ally for modern masters like Tyler and his peers on the Tempo roster.”
“In partnering with Tempo, we see a deeper strategic alliance that will provide oversight and protection of Tyler’s compositions as one of the most powerful songwriters in the world today,” said Chris Woltman. “Our journey began nearly 10 years ago and we have never skipped a step to ensure that, at its core, the music connects with fans all around the world. We look forward to being a part of the team at Tempo and the opportunities we will uncover within the deeper partnership.”
Tempo was launched in 2019 and funded by Providence Equity Partners, a premier private equity firm specializing in the media, communications, education, software and services industries, in partnership with Warner Music Group. A new platform to promote recording artists and songwriters across the globe, Tempo recently revealed 18 months of strategic investments that included the acquisition of catalogs from multi-platinum-selling, GRAMMY® Award-nominated recording artist Wiz Khalifa, GRAMMY® Award-nominated country duo Florida Georgia Line, GRAMMY® Award-winning songwriter Brett James and GRAMMY® Award-nominated singer-songwriter Mia Fieldes. In addition to acquiring catalogs from top producers including GRAMMY® Award-winning songwriter, producer and CMNTY Culture founder Philip Lawrence (“24k Magic” & “Uptown Funk“ Bruno Mars, “All I Ask” Adele, and more) and GRAMMY® Award-winning songwriter, producer, engineer and Frank Ocean collaborator Malay. Tempo’s first acquisitions included selected copyrights of GRAMMY® Award-winning songwriters Jeff Bhasker, Shane McAnally and Ben Rector.
For more information on Tempo, please visit tempomusic.com.
About Tempo Music Investments
Tempo is an investment platform for premium music rights. Guided by the idea that premium content provides attractive returns for all, Tempo exists to support, invest in, and build value around the creative ecosystem. Tempo’s investment decisions are driven by a disciplined approach, informed by both art and science, that focuses on delivering compelling financial results while empowering the artists and creators who drive our culture. In less than two years, Tempo has quickly become one of the leading music investment platforms acquiring catalogs from today’s top artists and producers including Wiz Khalifa, Florida Georgia Line, Shane McAnally and more. Tempo is an affiliate of Providence Equity Partners, a premier private equity firm that specializes in the media, communications, education, software and services industries.
About Providence Equity Partners
Providence Equity Partners (“Providence”) is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.