
Love Renaissance
A record label and creative agency specializing in talent management, creative direction, and strategic marketing.
USD | 2021 | 2022 | 2023 |
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Revenues | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Love Renaissance (LVRN) operates as a record label and full-service creative agency, positioning itself as a significant player in the R&B and hip-hop sectors of the music industry. The company was established in 2012 in Atlanta, Georgia, by a collective of five founders: Tunde Balogun, Justice Baiden, Carlon Ramong, Sean Famoso McNichol, and Junia Abaidoo. The founding members, who initially met as students and rival party promoters at Georgia State and Kennesaw State Universities, pooled their distinct experiences to form the company. Their backgrounds ranged from DJing and party promotion to internships at established labels like Disturbing tha Peace and even retail jobs to fund their early creative projects. This foundation was built on a shared goal to champion a narrative of 'love' they felt was missing from the prevailing music culture at the time.
LVRN's business model is a hybrid, encompassing artist management, a record label, creative direction, production, and marketing. Revenue is generated through traditional record label functions, management commissions, and creative services. A pivotal moment in the company's trajectory was the 2017 joint venture with Interscope Records. This partnership provided significant capital, which facilitated the opening of LVRN Studios in Atlanta, while allowing the founders to maintain creative control with a 50/50 profit split agreement. More recently, LVRN has entered into a distribution agreement with The Orchard, a subsidiary of Sony Music, and a publishing partnership with Warner Chappell Music, signaling a new phase of strategic alignments. The firm serves a global roster of artists, focusing on long-term development to build them into worldwide brands. They have also expanded their physical presence with an office in Los Angeles in addition to their Atlanta headquarters.
The company's service is centered on comprehensive artist development. LVRN manages all facets of an artist's career, from A&R and branding to music video production and touring. Co-founder Carlon Ramong oversees creative direction, handling everything from styling to artwork, while Justice Baiden heads A&R. Tunde Balogun serves as CEO, Junia Abaidoo manages operations and budgets, and Sean Famoso leads branding and marketing. LVRN has successfully launched the careers of prominent artists such as 6LACK and Summer Walker, whose albums have achieved significant chart success and sales milestones. The label has also diversified its roster by venturing into country music and Afrobeats, working with artists like Tanner Adell and Davido. To further its reach, LVRN has engaged in technological partnerships, including a collaboration with Microsoft to create a virtual reality studio for immersive events and a partnership with Audiomack to identify emerging talent using data analytics.
Keywords: record label, artist management, creative agency, music publishing, A&R, Atlanta music scene, artist development, R&B, hip-hop, strategic partnerships