How Wall Street became infatuated with the music industry

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 5 October 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Years of low interest rates sent investors hunting for creative ways to generate returns. One unlikely place they found was inside the song catalogues of some of the top musicians and songwriters of the last few decades. But now, as interest rates rise and the possibility of a global recession looms, the FT’s Anna Nicolaou and Kaye Wiggins explain how one of the hottest recent trends on Wall Street could soon have to face the music.

Clip from Chevrolet

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For further reading:

How Wall Street stormed the music business

Blackstone-backed song rights machine suffers growing pains

Another brick in the Wall Street as Blackstone seeks Pink Floyd catalogue

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On Twitter, follow Anna Nicolaou (@annaknicolaou), Kaye Wiggins (@kayewiggins) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Could it be a alternative?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.3	And take action today.
0:29.6	On a recent Sunday night I was watching TV when this commercial came on.
0:38.0	It shows different groups of people driving around in brand new electric trucks and SUVs.
0:47.0	The sun's shining and everyone's bobbing their heads or dancing in their seats or singing along to this one song.
0:55.0	Oh, I, oh, oh,
0:57.0	I want to be with you.
1:02.0	And that song, it has this really familiar effortless poppy 1980s vibe.
1:08.0	And if you couldn't tell by the signature sound of those twinkling bells at the beginning.
1:14.8	It's the 1987 Fleetwood Mac song everywhere that's playing in this ad for Chevrolet.
1:21.4	From Bolt to Blazer, Equinox to Silverado,
	...

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