Subprime Time — What does music royalty ABS look like today?

On the pilot episode of Subprime Time — a podcast dedicated to unpacking all things asset-backed finance (ABF) — deputy editor Sasha Padbidri and ABF reporter Harrison Connery dive into the revival of music royalty asset-backed securities. They trace the market’s evolution from “Bowie bonds” to the current impact of generative AI on the asset class. Case in point: if a heartbroken teen can prompt AI to create a custom breakup song that sounds identical to Taylor Swift, what does that mean for the value of legacy catalogs?

Harrison also shares his reporting on which music catalogs investment firms are currently snapping up, plus the surprising origin story behind Kygo’s hit remix of Whitney Houston’s “Higher Love”.

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