Music

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…

Spotify and forced payola flashbacks

Since the 1930’s, the music industry has battled payola, or the illegal practice of “pay-for-play” between record labels and radio…

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…