Streaming Wars
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Streaming Wars
The Rule of Threes: The subscription economy from a consumer’s perspective
Sparrow Adviserssparrowone.substack.com
This occurs across a competitive backdrop in the industry that has seen increased M&A activity, be that major labels acquiring indie labels and distributors, or catalogue acquisition. Heritage rights retain a premium, and market share is being bought, arguably, at the cost of investment in new, innovative music. Independent labels talk of it... See more
Dan Fowler • Combating the Emergence of a Two-Tier Music Streaming Market: Analysis and recommendations to support a future industry of innovation, inclusivity, and sustainable growth
Hellman & Friedman 's majority stake in Global Music Rights marks a watershed moment — private equity firms now control three major PROs (alongside New Mountain Capital's BMI and Blackstone's SESAC). Blackstone 's successful acquisition of Hipgnosis Songs Fund further cements institutional investors’ central role in the financialization of music... See more