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Podcast: Music Ally Focus
Episode: Music Ally Focus #46: Why are so many billions being spent on music catalogue? Penny Fractions' David Turner explains why alternative investment companies are pouring big money into music rights.
Description: New money is pouring into the music industry: giant alternative asset management companies like Blackstone and KKR, are partnering with the likes of Hipgnosis and BMG to purchase music catalogue at great expense. But... why? Are they suddenly interested in buying some cool rock songs for some reason? Have they run out of other places to invest money in times of very low interest rates? Or have they spotted that music is undervalued? Music Ally's Joe Sparrow chats to journalist and analyst David Turner of music industry newsletter Penny Fractions, and he talks in depth about why on earth...