Warner Music Group and Bain Capital reportedly spent $300M+ on Red Hot Chili Peppers’ recorded music catalog. That’s roughly 25% of their $1.2B fund created to invest in “iconic” catalogs.
This is one of the biggest bets from the fund, so we took a brief look at RHCP!
Are a few cancelled tours a cause for concern? We dug into it on the latest episode of Trapital.
For instance, The Pussycat Dolls didn’t sell out an arena tour in 2026. Only half of the women in the group were part of the tour. The cancellation may say more about individual acts than a systemic problem.
“Blue Dot Fever” is a catchy phrase, but there are plenty of major tours with higher demand than ever. Listen to your full episode on Trapital.
Leave the comment ‘Tour” and I’ll DM you the episode.
Music assets are hotter than ever, but music stocks are cheaper than ever. Here’s why:
Let’s look at the BMG - Concord merger, for which some reports value the combined company at $15 billion.
This combined company does $2.2 billion in annual revenue and $730 million in profit.
Meanwhile, Warner Music Group, which does $6.7 billion in annual revenue and has $1.4 billion in profit, has a market cap of around $15 billion.
Now, there are very few people who believe that Concord-BMG is a more valuable company than Warner Music Group, but this is the dynamic.
It’s another example of how private investors love music but public markets discount music companies.
I recorded an episode on this topic for Trapital: Private Investors Love Music, Why Doesn’t Wall Street?
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The toughest part of managing Prince’s estate? Answering an impossible question: “What would Prince do?”
Troy Carter managed the estate from 2016 to 2021. He shared his experience in a recent talk we had in Austin. It was during DAWA’s Vision:8291 event.
Comment ‘Troy’ and I’ll DM you the full episode to check out.
Most music catalog sales from 10+ years ago look like bargains today. Is there ever a good time to sell?
We had Round Hill Music’s Josh Gruss on our show to discuss the latest trends in music rights transactions. His firm acquired rights from The Offspring, Goo Goo Dolls, and others.
Comment ‘Music’ and I’ll DM you the full episode.
Managing estates for legendary artists is a tough business. @troycarterofficial shares his experience running Prince’s estate for 5 years.
This talk is from my sit-down conversation with Troy at DAWA’s Vision:8291 event in Austin, TX.
Comment ‘Troy’ and I’ll DM you the full episode.
“The same way we treat a Picasso or Van Gogh… that’s how I want to see Michael Jackson treated, Bruce Springsteen treated.
In a recent conversation with Troy Carter, we discussed why music catalogs should be treated as cultural assets, not purely financial assets. We also discussed Suno, streaming, record labels, and much more.
Comment ‘Troy’ and I’ll DM you the full episode.
“If you start putting these things in a f****** Ford Escort commercial, they become less and less valuable.”
@troycarterofficial talks about the rise of music catalog sales. There are a lot of smart PE dollars invested in music, but is there a downside to the trend?
This talk is from my sit-down conversation with Troy at DAWA’s Vision:8291 event in Austin, TX.
Comment ‘Troy’ and I’ll DM you the full episode.
Has short-term thinking hurt the music industry? @troycarterofficial makes the case.
Troy and I discussed this and much more in Austin during DAWA’s Vision:8291 event.
Leave the comment ‘Troy’ and I’ll DM you the full episode.
Is Suno the most consequential technology that ever came into music? Troy Carter makes the case.
Troy and I discussed this and much more during an hour-long discussion about music in Austin during DAWA’s Vision:8291 event.
Leave the comment ‘Troy’ and I’ll DM you the full episode.
Aretha Franklin. Santana. Dionne Warwick. Those are just a few of the legendary careers that Clive Davis helped revive.
Here Clive explains his approach.
The Clive Davis conversation on Trapital is now available.
Leave the comment “Clive” below, and I’ll DM you the full episode.
”Suno is the most consequential piece of technology that ever came into music.” - @troycarterofficial
Here, Troy Carter explains why it's more than radio, phonograph, and even streaming.
This clip is from my conversation at Troy in Austin during DAWA’s Vision:8291 event.
Comment ‘Troy’ and I’ll DM you the full episode.
