S20E10: How Economic Consultants Decide What a Song Is Worth (Prerna Rakheja)

Update: 2025-09-19

Description

Who decides what a song is worth? In this episode, Jenny Rae speaks with Prerna Rakheja – Managing Economist at Bates White – about the landmark Phonorecords IV case that set new streaming royalty rates.

For aspiring consultants, this conversation is a rare look inside economic consulting: how teams structure complex problems, build models that influence billion-dollar industries, and communicate insights to lawyers and judges.

Quick note: Bates White is hiring – see open roles at a firm known for its culture and impact.

Connect with Bates White:

Explore current openings and apply to roles at Bates White
Learn more about the work and culture at Bates White
Learn more about the case – background on the Phonorecords IV royalty decision

Additional Resources:

Subscribe to MC on YouTube so you never miss Strategy Simplified episodes and case tips
Listen to Market Outsiders for quick insights on what’s happening in business and markets

Listen to the Market Outsiders podcast, the new daily show with the Management Consulted team

Connect With Management Consulted

Schedule free 15min consultation with the MC Team.
Watch the video version of the podcast on YouTube!
Follow us on LinkedIn, Instagram, and TikTok for the latest updates and industry insights!
Join an upcoming live event - case interviews demos, expert panels, and more.
Email us (team@managementconsulted.com) with questions or feedback.