LOS ANGELES, CALIFORNIA, UNITED STATES: The D’Amelio family is not slowing down anytime soon. In fact, they are now venturing into the world of talent management with the help of music industry startup Firebird. Their new venture, tentatively titled DamGood Mgmt, has been described as a full-service management firm that will oversee the various online and offline ventures of the D’Amelio family.
The venture of D'Amelios as a comprehensive management company will monitor the expanding portfolio of online and offline ventures owned by the family. DamGood would work with makers who aspire to succeed in the music business. This includes both Dixie and Charli’s endeavors in the music industry as the former has been releasing singles since 2020, while the younger sibling made her musical debut in 2022 with the song 'If You Ask Me To'.
What's the main motto?
DamGood Mgmt is not just limited to the D’Amelio family’s interests. According to the report, the venture will also collaborate with other creators who have ambitions in music and entertainment. Firebird sees DamGood Mgmt as just one part of its overall mission, which is to help artists across multiple media and platforms such as film, TV, gaming, apparel, beauty, food, and beverages. CEO Nathan Hubbard, who previously worked at Ticketmaster, wants to focus on growing the entire revenue pie for an artist, rather than just one income stream.
What’s the total funding of the company?
Firebird, a management company founded by TikTok sensations Charli and Dixie D’Amelio, has secured an impressive $400 million in funding. The stellar backers include investment powerhouses Goldman Sachs Group and the Pritzker Organization. Out of this massive sum, $20 million will be used to establish DamGood Mgmt, a division that will help the D’Amelios expand their management portfolio.
With an annual income of $30 million, the siblings are no strangers to having money. But it’s not just their financial standing that will help them succeed in the business world. The siblings also possess enormous clout, as evidenced by their recent footwear brand launch party. In attendance were a mix of influencers, executives, and athletes, drawing attention and excitement to the budding brand. Gregory Goodfried, a former talent representation pro at UTA, remains a close ally and advisor to the family.
As the siblings continue to branch out into various industries, they’ll continue to represent their family on their widely followed TikTok accounts. With Charli ranking second and Dixie coming in at 16th on the list of most-followed TikTok personalities, it’s clear that the family has a large and engaged audience.
