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the lesser-known practice of “song management” investment firms vacuuming up beloved hits for the purpose of licensing or resale. DeWaard names Hipgnosis, a company headquartered in London, as the most aggressive of these firms, with 64,000 songs under its control, one thousand of which were number-one hits. Company partner and funk legend Nile Rodgers has presented it to investors as an opportunity “to establish songs as an uncorrelated asset class with attractive risk[-adjusted] returns”
✏️ They found a way to turn songs into an asset class that can make money thru investment/equity means?
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xref with all the ways that private equity firms find ways to make money off of every single thing they can think of, tangible or otherwise (even lawsuits related to black lung, etc.)
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