What is Modern Sky?
Founded in 1997 and headquartered in Beijing, Modern Sky stands as mainland China's foremost music entertainment enterprise. The company's diversified operations encompass the production of over 15 large-scale music festivals across China, New York City, and Los Angeles. It also boasts China's largest independent record label, manages music venues, and orchestrates more than 1,000 concert events annually. Modern Sky USA spearheads the company's international expansion from its New York City base, housing its North American record label, artist management, and festival/tour booking agencies.
How much funding has Modern Sky raised?
Modern Sky has raised a total of $20M across 1 funding round:
Private Equity
$20M
Private Equity (2015): $20M, investors not publicly disclosed
What's next for Modern Sky?
The substantial enterprise-level funding indicates Modern Sky is poised for significant scaling and further international market penetration. This capital infusion is expected to fuel the expansion of its festival offerings, enhance its record label's artist roster and global reach, and potentially lead to new venue acquisitions or developments. The strategic nature of the recent investment suggests a focus on strengthening its competitive advantage and exploring synergistic opportunities within the evolving music and entertainment landscape.
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