Wall Street owns the music business for the last decade, and its tentacles in the industry are stretching further everyday. From record labels and streaming services, to concert tickets and songs funds, the financial power of Wall Street is being felt as new technologies emerge and artists make more hits. Nowadays big fund managers like Blackstone, Apollo and KKR have entered the market with billion dollar purses searching for new assets in the form of intellectual property. The die was cast from as far back as 2011, when Universal Music Group, owned by Vivendi, purchased the Citigroup owned EMI Music for $1.9 billion, creating the world’s largest music company with catalogs of the Beatles, … Continue reading How Wall Street Owns & Profits From The Music Business…Including Reggae