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      "text": "Evergreen Catalog & Contemporary Hits; 140K+ copyrights; 130+ active songwriters; 87% publishing/100% recording gross profit. Growing Industry; secular tailwinds; 7% projected growth. Strong Growth & Operating Leverage; 18% CAGR; leverage opportunity.",
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      "text": "Leading Independent Music Company with Proven Platform; $600m+ invested capital; $100m+ in futures spend. Competitive Advantages & Value Enhancement; industry outgrow; experienced team. Proven M&A Platform; track record; $3B+ pipeline.",
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      "text": "1 Based on 80% of LTM 12/31/21 Net Publisher Share (NPS) and Net Label Share (NLS); 2 Wall Street Research",
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