One of the common assumptions around the boom in music-catalogue sales is that it’s all about big investment funds piling in. That’s certainly happened, but it’s not the whole story. In fact, what may be more interesting in the future are the partnerships formed between Big Investors and Big Music. Universal Music Group’s announcement yesterday that it is acquiring a minority stake in Chord Music Partners being a case in point.
Source: UMG tunes its catalogue-buying strategy with $240m Chord stake – Music Ally