Record Companies Aren’t Safe From the Coronavirus Economic Fallout

Record Companies Aren’t Safe From the Coronavirus Economic Fallout
Earlier this month, I wrote that music-rights companies — not least Warner Music Group — could end up as attractive prospects for stock-market investors, as they would be largely insulated from the economic effects of coronavirus. (Warner announced its intention to Ipo in February, but is now postponing that event.)

Last week, the U.K.’s Hipgnosis Songs Fund — whose business model is to acquire and manage the copyrights behind hit songs — saw its stock price rebound on the London Stock Exchange to a level actually higher than that seen before Covid-19. In the same period,
See full article at Rolling Stone »

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