Music streaming as an alternative investment - Music Royalties & King Harvest member
(Kitco News) - Streaming is the fastest segment of music sales, up 20% in 2020 according to the International Federation of the Phonographic Industry. It now accounts for 62% of all music revenues, or about $13.4 billion.
Connor Gallagher co-founded Music Royalties, a company invests in the top music brands in the world and pay out investors a dividend from these streams.
Gallagher, along with Ron Altbach, discuss with David Lin, anchor for Kitco News, how investors can partake in the rapidly changing music industry that is driven by technological innovation.
Altbach was a member of the 1970s rock back King Harvest, known for their hit single "Dancing In The Moonlight."
For more information on how to invest in music, watch the video above.