The music rights boom, explained (The Hustle)
Royalties are attractive to investors because they offer a few solid benefits: Steady income in a world of low interest rates, low correlation to other asset classes (will pay out largely independent of the macro environment), and passivity (songs kind of play on their own).
There has never been a better time, there may never be a better time, for a hit artist from the 70s, 80s and 90s to sell their rights.
Sweet melody: How private equity is taking a slice of music’s digital future (Private Equity News)
Among the US PE giants to have piled into the music industry are TPG, which is an investor in streaming service Spotify, and Carlyle, while smaller firms such as Lyric Capital have focused on investing in music royalties.