Investing

Library assets: buying vs lending

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

Everything is cost of capital all at once

The topic of interest rates and their impact is hard to avoid these days, including in the media industry, as participants learn that uncorrelated cash flows do not necessarily mean uncorrelated asset values. However, it was recent reading on a completely…

Metallica and Market Timing

The end of a wild summer in the financial markets coincided with a music industry release that tipped its hat…

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

Are Music Royalties Actually Uncorrelated?

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

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…

Everybody, go berzerk, get your vinyls!

“Well, CD sales are down, but surprisingly, vinyl is doing really well.”

That’s a sentiment we’ve heard time and time again from record labels recently, but at this point, can you really call the vinyl boom a surprise? Consumers see…