How Wall Street became infatuated with the music industry
Years of low interest rates sent investors hunting for creative ways to generate returns. One unlikely place they found was inside the song catalogues of some of the top musicians and songwriters of the last few decades. But now, as interest rates rise and the possibility of a global recession looms, the FT’s Anna Nicolaou and Kaye Wiggins explain how one of the hottest recent trends on Wall Street could soon have to face the music.
Clip from Chevrolet
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For further reading:
How Wall Street stormed the music business
Blackstone-backed song rights machine suffers growing pains
Another brick in the Wall Street as Blackstone seeks Pink Floyd catalogue
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On Twitter, follow Anna Nicolaou (@annaknicolaou), Kaye Wiggins (@kayewiggins) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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