Secret Of the Rich #15: Investing in Music Royalties
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 15 October 2021
⏱️ 58 minutes
🧾️ Download transcript
Summary
Want to get paid every time a Taylor Swift song is played?
I do. You can too.
This week we dive into another secret of the rich and famous. Investing in music royalties. This is a cool and lucrative investment that you probably would not have thought of. Prior to this you need to have connections to invest in music royalties. Institutional money has been investing in this space for a while, and now you can too. Find out how on this week's episode.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
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For more information, visit the show notes at https://moneytreepodcast.com/investing-in-music-royalties-adam-cowherd
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.7 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.0 | Hello, Smart Money Tree podcast listeners. |
| 0:13.2 | Welcome to this week's show. |
| 0:14.5 | My name's Kirk Chisholm and I will be your host. |
| 0:17.0 | So today we're talking with Adam Coward. |
| 0:19.3 | How you doing today, Adam? |
| 0:20.4 | Doing great. Thanks for having me, Kirk. |
| 0:22.3 | You know, as the listeners know, I like interesting alternatives. We're always looking for new and |
| 0:27.0 | interesting stuff. And this is one I'm sure you've probably never heard of. I've heard about it for |
| 0:31.3 | years, but never been able to really get somebody on the show to come talk about it. So I'm glad we have Adam here to talk about it. So today we're going to be talking about the music industry and royalties. And this to me is |
| 0:42.9 | fascinating. So Adam, tell the listeners a little about your background so they can kind of |
| 0:47.0 | understand where you're coming from. I was born and raised just outside Detroit, Michigan. |
| 0:50.7 | I grew up always being very passionate about music, played in a lot of bands |
| 0:55.5 | from pop punk to rock, but knew I was never going to be a rock star. So went to a university |
| 1:00.7 | of Michigan where I studied engineering physics and then got allured by finance. So I worked |
| 1:05.5 | at Goldman Sachs and then Ernst & Young doing consulting. After a few years of that, I got the itch to start a company. |
| 1:14.6 | And the company idea was one of a list of 50 things that I came up with. And something I kept |
| 1:20.4 | coming back to was this idea of investing into music royalties because it's such an interesting |
| 1:26.2 | market where over the last 10 years, |
| 1:28.0 | it went from being a $0 market to being a $10 billion market with a 42% Kger over the last |
| 1:34.5 | four years. So this was an really attractive asset class. And right now, there's not really a way |
... |
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