Movies and adverts have long given older songs such as Fleetwood Mac's “Dreams” the chance of a fresh lease of life, generating years of new royalty revenues for the holders of their publishing rights. But the explosion of music streaming on platforms like Spotify has transformed the scale of the business, increasing the appeal of music rights as an investment in an era of ultra-low interest rates.
“Every week there are new products coming off of the conveyor belt from all of the major labels,” said Sherrese Clarke Soares, founder of HarbourView Equity, a music buyer that has received a commitment of up to $1bn from Apollo. “We can’t even anticipate all the ways that music will be consumed 20 years from now.”
https://www.ft.com/content/83753cb0-0007-4420-a9a9-99a3b9b72778