Thoughts.
A selection of our observations on industry trends.
Spotify and forced flashbacks of payola
Since the 1930’s, the music industry has battled payola, or the illegal practice of “pay-for-play” between record labels and radio stations, designed to influence airplay…
What would you pay
A thought exercise: what’s the most you would pay for an asset with the following unique characteristics…
Are Music Royalties Actually Uncorrelated?
Over the past couple of years, an unprecedented amount of institutional investor capital has poured into the acquisition of music royalty assets. From private equity firms…
Take this for subscription fatigue
The current buzzword du jour in the media industry is “subscription fatigue”. Accelerating over the past year, but undoubtedly culminating with Apple’s headstrong push into…
Pod Saves the Margin
The media industry kicked off 2019 with a flurry of transformational developments and headlines. While the digital publishing space remained in pain, with major layoffs…
“We’ve been in discussions with Netflix…”
It’s an expression we hear a lot at MEP Capital as we work with amazing content creators to bring their projects to life. The allure of birthing the next Stranger Things or…
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…