What do Queen, Katy Perry and Metro Boomin have in common? They are just a few major artists within just the past five years who have sold their respective music catalogs for hundreds of millions of dollars.
As high-value deals continue and more investors enter the market, Luminate Intelligence investigates the key factors driving the music rights boom, why artists would choose to sell the rights to their songs and how buyers are raising billions to acquire catalogs.
Music rights acquisitions are nothing new, but the reasons why the surge in activity is happening now are complex. There are a number of factors at play: music streaming’s enduring popularity, the music industry in general holding steady amid macroeconomic headwinds and aging artists looking to cash in, to name just a few.
But perhaps one of the biggest game changers has been increased access to real-time music consumption data, a vital tool for assessing a catalog’s value and helping companies to make informed financial decisions.
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