Some executives in the industry cautioned that the frenzy had become excessive.
A longtime music executive says: “When interest rates are low, people break out the laughing gas and it gets weird, and that’s always been a fact in the music business.” Unlike in previous eras when private equity groups sought 20 per cent returns on music assets, some of these companies now manage large credit investing businesses and are buying songs as an alternative to corporate bonds.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше: