Streaming Wars

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

if you drive through Culver City you will see billboards for Amazon movies everywhere. Why? Because the directors who come to the studio lot to take a meeting there to make a movie, they drive there and they’re like, ‘Oh they’re marketing my movie.’ But they’re not.”