Rae
@raescott
Rae
Streaming is booming - but not for everyone.
Spotify’s latest report celebrates Canadian music’s global success. And while artists and labels are seeing growth, most songwriters can’t even earn a month’s rent from a year of domestic streams.
It’s time to talk about what a truly thriving... See more
instagram.comPrivate equity firms have poured billions of dollars into music, believing it to be a source of growing and reliable income. Investors spent $12 billion on music rights in just 2021 — more than in the entire decade before the pandemic.
Marc Hogan • Same Old Song: Private Equity Is Destroying Our Music Ecosystem
Rod Stewart sells catalog to Iconic Artists Group for around $100m; company raises $1bn to buy more music rights
Murray Stassenmusicbusinessworldwide.com
AI and Music Industry
In a secondary buyout, a private equity firm buys a company from another private equity group rather than a listed company. Such deals were assumed to constitute a distress sale but have become more common amid increased specialization by private equity firms.1314 For instance, one firm might buy a company to cut costs before selling it to another... See more
James Chen • Private Equity Explained With Examples and Ways To Invest
As interest rates have risen, the surge has faded. In February, word surfaced that the private equity behemoth KKR was beating a quiet retreat from the music space. More recently, Hipgnosis Songs Fund, the owner of “Super Freak,” cut the value of its music portfolio by more than a quarter in the wake of a shareholder revolt.
Marc Hogan • Same Old Song: Private Equity Is Destroying Our Music Ecosystem
Private equity is an investment class where firms raise capital to acquire and manage private companies or take public companies private, with the goal of ultimately selling them for a profit. These investments typically require significant capital commitments over several years.
They will push — using the various tools at their disposal — to raise the value of their assets. They will not do this out of goodwill, of course; they will do it out of self-interest. But any move that raises the value of the song catalogs that they own will also raise the value of the song catalogs that they do not, and this could be very good... See more
Robert Levine • What Does Private Equity Mean for the Music Business Long-Term?
“they” being private equity firms