Published on 16 Dec 2022 on MarketWatch
Music royalties sing sweet tune to deal makers despite economic headwinds
The music-royalty business appears to be living up to its reputation as a provider of steady returns in good times and bad, as fortunes in song streaming continue to grow despite economic headwinds.
While huge royalty deals in the vein of Bob Dylan’s $400 million songwriting-catalog sale to Universal Music Group N.V. in 2020 or Bruce Springsteen’s $550 million master-recording and publishing-rights sale to Sony in 2021 are uncommon, music-industry players continue to see strong interest.