{"id":556923,"date":"2021-10-28T13:43:41","date_gmt":"2021-10-28T13:43:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/finance-in-music-resurrects-record-companies-the-latest-from-dr-evil\/"},"modified":"2021-10-28T13:43:41","modified_gmt":"2021-10-28T13:43:41","slug":"finance-in-music-resurrects-record-companies-the-latest-from-dr-evil","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/finance-in-music-resurrects-record-companies-the-latest-from-dr-evil\/","title":{"rendered":"Finance in music resurrects record companies + The latest from Dr Evil"},"content":{"rendered":"

<\/a> Private equity firms are having a royalties ball<\/strong> as streaming alters music\u2019s<\/strong> clashflow<\/strong>, making it a lucrative and attractive asset class. Global revenues from the music industry had begun to wane after the CD era, as physical sales of music tracks dropped, but the surging popularity in streaming platforms has breathed new life into the industry and created more potential for the future of music consumption, one music buyer, who received a USD 1 bn commitment from private equity giant Apollo Global Management, told the Financial Times<\/a>. With viral trends, advertising and movies renewing songs\u2019 lifetime and streaming platforms providing strong revenue streams, the potential market for music copyrights is drawing some of the biggest names in private equity.<\/p>\n

Digital distribution has played a huge role in reviving the music industry.<\/strong> Last year, the industry saw itssixth consecutive year of growth<\/a> after \u201cnearly two decades of gradual decline,\u201d when the transition from CD to MP3 and file sharing hammered the industry. The widespread adoption of music streaming services, which accounted for<\/a> 56% of the recorded music industry in the US, recorded an estimated USD 11.9 bn in global sales last year. The only other growing trend in the music industry is vinyl records, which recovered from USD 34 mn worldwide sales in 2006 to USD 416 mn in 2015, as the revival of the classic format draws more enthusiasts.<\/p>\n

<\/a> The latest from Dr Evi\u2026sorry\u2026Jeff Bezos:<\/strong> Blue Origin unveiled plans to develop a commercial space station \u201cOrbital Reef\u201d as a \u201cmixed-use business park,\u201d with Boeing and Sierra Space, Reuters<\/a> reports. Orbital Reef announced<\/a> that the 32k sq ft park would \u201cprovide customers with an ideal location for \u2018film-making in microgravity\u2019 or \u2018conducting cutting-edge research,\u2019\u201d in addition to sporting a space hotel. A space tourism company, Blue Origin launched its first flight into space<\/a> in July of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Private equity firms are having a royalties ball as streaming alters music\u2019s clashflow, making it a lucrative and attractive asset class. Global revenues from the music industry had begun to wane after the CD era, as physical sales of music tracks dropped, but the surging popularity in streaming platforms has breathed new life into the […]<\/p>\n","protected":false},"author":1,"featured_media":556924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[3385,1173,633,638,670,148,758],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-blue-origin","tag-boeing","tag-enterprisepm","tag-for-your-commute","tag-jeff-bezos","tag-music","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"f1ea9a9d-592d-4660-826f-df95834baa54","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/486.jpg","photo_position":"above","related_issue":[556919],"teaser":"","voice_url":""},"yoast_head":"\nFinance in music resurrects record companies + The latest from Dr Evil - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/finance-in-music-resurrects-record-companies-the-latest-from-dr-evil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance in music resurrects record companies + The latest from Dr Evil\" \/>\n<meta property=\"og:description\" content=\"Private equity firms are having a royalties ball as streaming alters music\u2019s clashflow, making it a lucrative and attractive asset class. 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This growth came as the\u2026","rel":"","context":"In "MUSIC"","block_context":{"text":"MUSIC","link":"https:\/\/enterpriseam.com\/egypt\/category\/music\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/514.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543198,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/the-us-wants-a-bite-of-nft-returns-but-you-shouldnt-take-a-bite-of-anything-sugary-during-covid\/","url_meta":{"origin":556923,"position":2},"title":"The US wants a bite of NFT returns. But you shouldn\u2019t take a bite of anything sugary during covid","author":"enterpriseam admin","date":"16 January 2022","format":false,"excerpt":"Make a killing on NFTs? The US government wants a slice of that pie: Non-fungibletoken(NFT) investors in the US may be in for a surprise this tax season, as Internal Revenue Service (IRS) officials gear up for a crackdown on the newly-ballooning industry, Bloomberg reports. The market has exploded to\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/453.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579967,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/office-spaces-are-adapting-to-employees-who-like-the-quiet-of-wfh-local-music-gets-a-bump-from-public-libraries-in-north-america\/","url_meta":{"origin":556923,"position":3},"title":"Office spaces are adapting to employees who like the quiet of WFH + Local music gets a bump from public libraries in North America","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"Employees are back at the office, but crave the peace and quiet of WFH: Companies are changing up the setup of their offices, including equipping them with \u201cquiet rooms\u201d to accommodate employees returning to a hybrid work model after years of covid-induced WFH, the Financial Times writes. 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