By Peter Sinclair, CEO & Co-Founder at beatBread, April 11, 2023
By now, everyone in the music industry — and most people who pay attention to financial markets — are familiar with the growth of music catalog sales by iconic artists.
Eight and nine-figure deals for the music rights of Justin Bieber, Bob Dylan, Bruce Springsteen, and countless other iconic artists have grabbed recent headlines. At the same time, competition for music rights from institutional investors has increased, with billions of dollars of funds entering the market every quarter.
There are several reasons why finance markets are so interested in music IP right now:
- Music is a growing sector with a very rosy outlook. In the streaming era, this is a data-rich, evergreen asset class and recorded music revenues are forecast to nearly double in the next decade.
To continue on this topic, go to Peter Sinclair's LinkedIn page, where the article was initially published.
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