In the past few months, the insane flood of money that has been flowing into the purchase of music rights (and really, into financial and tech related firms of pretty much all stripes) has begun to slow down. Crazy what rising interest rates will do, huh? These changes have prompted a wave of takes about the potential collapse of a host of music rights firms that overpromised, overpaid, and now seem poised to underdeliver—Hipgnosis, the industry leader, first among them. But…is all lost for these companies? We dig into the ways in which, profitable business model be damned, the sheer weight of capital in this sector may have already begun to bend the industry in its direction—and explore the mechanics that ensure the money probably won’t dry up anytime soon. PLUS: Future sold his catalog? What does THAT mean? Can it tell us something about the…uhhh…future...of songwriters, major artists and the alternatives it could create for a music career?
Music: 2003 Toyota Corolla - "2008 Toyota Corolla"