Music Business Worldwide broke the news on Symphonic’s launch of Symphonic NEXT, a new initiative designed to connect clients with the capital, partnerships, and strategic pathways needed to grow and monetize their businesses.

Symphonic, the Tampa-based music technology and services company, has launched a new program designed to connect independent artists, labels, and managers with catalog financing, royalty advances, and acquisition opportunities.

The program, called Symphonic NEXT, will be led by Michelle Garramone, who joined the company earlier this year as Head of Strategic Partnerships, according to an announcement on Thursday (April 30).

The company said Symphonic NEXT marks its first dedicated initiative in catalog deals and strategic partnerships.

— Mandy Dalugdug, Music Business Worldwide