Neil Jacobson calls himself the best salesman in the music business. It’s not without reason. Over the course of his two-decade career, he’s pushed multiplatinum records like the Black Eyed Peas’ “I Gotta Feeling” and Robin Thicke’s “Blurred Lines”; more recently, he’s brokered lucrative catalog sales for the likes of Jeff Bhasker and Brendan O’Brien.
Now, the salesman is looking to buy. Earlier this year, Jacobson founded Music Acquisition Corp. (MAC) — billed as the music industry’s first SPAC, Rolling Stone reports.
He’s raised $230 million to take the company public, using a focus on music to spur more growth. Such a concept would have been ill-advised 10 years ago, when the music business was facing an existential crisis, but it’s skyrocketing these days, and Jacobson says the time to capitalize is now. Read more.
