Buying Catalogues - A Primer
There is a new gold rush going on right now\u2014but this one is different...it has nothing to do with minerals or oil or any other traditional commodity...it\u2019s not what we\u2019ve seen with crypto currency...it may have to do with stock markets, but not always...and yet it\u2019s a form of investment, one that should continue to pay off for decades to come...\n\xa0I\u2019m talking about the rush to buy up song catalogues, the rights to material created by some of the biggest artists on the planet...you\u2019ve probably heard of some of these transactions...\n\xa0Everyone from the killers to Barry Manilow to Silverchair to the Beach Boys to members of Alice In Chains have cashed out...Imagine Dragons netted $100 million...Justin Bieber, $200 million...the Chili Peppers, $140 million...Bruce Springsteen sold his music for over half a billion dollars...\n\xa0There are about a dozen well-capitalized companies in this game...they\u2019re spending billions of dollars hundreds of thousands of songs...who are they and where\u2019s the money coming from?...\n\xa0If someone is buying, who\u2019s selling?...who sets the price?...if you\u2019re a successful musician, what are the advantages to selling you\u2019re life\u2019s work?...how long has this been going on?...and what do these big catalogue says mean for the future?...\n\xa0Let\u2019s find out...this is a primer on the stampede to buy (and own) the greatest music of all time...\nLearn more about your ad choices. Visit megaphone.fm/adchoices