Have Record Labels Turned Into Private Equity Firms?
Description
Trapital Summit is on Sep 10 in LA. Join us! Get your tickets here.
The major record labels are adapting for the modern era. Lately, that shift has them looking less like RCA and more like KKR. These companies have invested less in signing new artists and more in acquiring the legendary back catalog of music. With streaming driving steady royalties, the music rights of proven hits are valuable. Music companies have teamed up with private equity firms to cash in.
I also break down how this changes artist deals, lowers risk-taking, and opens the door for global investors and even artists to buy in.
00:33 The Shift to Private Equity
03:45 The Back Catalog Boom
09:24 A&R Reductions
12:14 What The Future Holds
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Trapital Summit is on Wednesday September 10 in LA. Join us!
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