Are Music Royalties Actually Uncorrelated?

Over the past couple of years, an unprecedented amount of institutional investor…

The next Hollywood/Wall Street love affair

Wall Street’s latest adventure in our corner of the world appears to be asset-light content production companies. Announcements of acquisitions and funding rounds are starting to accelerate, reminding us of the early days of the adoption of music…

Library assets: buying vs lending

A significant portion of MEP Capital’s investment activity involves us buying or lending against…

Feelings, nothing more than feelings: re-assessing the sentiment of investing in music.

Understanding prevailing sentiment of an industry is a critical tool for any investor. Fundamentally, our job is to seek out opportunities that others deem as scary and avoid…

The art of artist management contracts

“Chains are cool to cop but more important is lawyer fees.” 
— Jay Z, “Never Change”

The end to a chaotic 2020 is ushering in a flood of music industry headlines: from Bob Dylan, Stevie Nicks, and David Crosby…

The Future of the Audio Market

While we most frequently find ourselves in the weeds on asset-level analysis, on occasion it’s important to pick up our head and check in on the broader trends in our industry. Recently, we had the opportunity to discuss the audio (music/radio/podcast) market with two…

YouTube to Netflix, a Tale of Two Streamers

Fashionably late to the party, Netflix announced in its Q1 earnings call that it was open to adding a lower cost ad-supported model after years of resisting advertisements on its platform. In 2020 we wrote about our enthusiasm in AVOD after the market…

What would you pay?

A thought exercise: what’s the most you would pay for an asset with the following unique characteristics?

• A commercial building with 3 tenants
• The 3 tenants don’t pay fixed rent, but rather a share of their top-line revenue, with no floor