Reported about 8 hours ago
The music industry is witnessing an influx of significant investment deals driven by strong relationships between artists and listeners. Companies like Reservoir Media have been active in acquiring catalogs from iconic musicians, with notable sales such as Bruce Springsteen's catalog for $550 million and Bob Dylan's for $300 million. The growth potential in music investments is evident as streaming platforms increase prices, leading to rising revenues. With a reported 19% increase in earnings, Reservoir Media exemplifies the trend as it continues to capitalize on the evolving market.
Source: YAHOO