4.6 • 851 Ratings
🗓️ 14 October 2022
⏱️ 10 minutes
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0:00.0 | So I write about music for the FT. |
0:02.9 | And in the past few years, I've just like obviously been writing about and seeing all of these deals made by this guy named Merck. |
0:11.4 | And I kind of, out of curiosity, wanted to talk to this person named Barry Mzarski who was hired by Merck to do all the valuations for these deals. And I was kind of expecting |
0:22.5 | to speak to someone that was like, you know, like those like accountant type people that are |
0:28.2 | just never going to say anything and completely unbiased and boring. And then what I, what I |
0:35.6 | encountered was something very different. |
0:45.7 | So he's this guy, he's been, one of these kind of like very specialty specific type finance people. |
0:55.3 | And for like 30 years, he's worked for the music industry calculating the song royalties earned when like a song is played pretty much anywhere. |
1:01.0 | So he's like been a known like fixture of the industry for a very long time, but was not like particularly high profile or anything like that. But fast forward to, you know, the past |
1:05.8 | two years, this guy, Merck hires him. He starts taking on a lot more responsibility because all of these |
1:12.8 | deals are suddenly happening. And according to them, they're controlling like more than two thirds, |
1:19.6 | not controlling, but they're valuing more than two thirds of all of these deals that are happening |
1:23.3 | in the market. So it's kind of his whole stature has really increased quite a lot. |
1:29.1 | And it's probably worth saying like the kind of the way that people describe this guy is |
1:33.0 | the Jerry McGuire thing, right, Anna? Yeah. I mean, I've asked, so I did this call with him and I was |
1:38.3 | like, huh, that was kind of weird. So then I just started asking everyone I know in the music industry |
1:42.8 | about this guy and they're like, |
1:44.2 | oh, yeah, Barry and like kind of laugh a bit. He's just, yeah, he's very, he's like kind of like a |
1:50.0 | salesman type person, like super energetic, so optimistic. So kind of like everything's amazing. |
1:57.0 | Everything's going to be great. Which is not what you expect, I guess, for like a valuation agent. |
2:01.9 | But maybe I should, maybe, maybe that's my own naivety. |
2:04.2 | Does this guy work in Los Angeles by any chance? |
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