What is Modern Sky?
Founded in 1997, Modern Sky has established itself as mainland China's foremost music entertainment entity. Its operations span the production of over 15 large-scale music festivals across China and internationally, including in New York City and Los Angeles. The company also boasts China's largest independent record label, manages music venues, and orchestrates more than 1,000 concert events annually. Through its subsidiary, Modern Sky USA, the company directs its North American endeavors, including a 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 recent major strategic investment signals a new phase of growth for Modern Sky, likely focused on expanding its international footprint and enhancing its diverse entertainment offerings. This backing will enable the company to further its mission of promoting Chinese music globally and nurturing emerging talent. Strategic capital allocation is anticipated towards developing new festival concepts, bolstering its record label roster, and potentially acquiring complementary businesses within the music and entertainment ecosystem. The company's established track record in large-scale event production and its robust network position it for continued success and market leadership.
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