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A Man Who’s Spending $1B to Own Every Pop Song

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Re: A Man Who’s Spending $1B to Own Every Pop Song

#211

Earlier quoted context omitted.

That's why I ignore coins I find on the street. If they were real someone would have picked them up already.

If you see a coin on a street aggressively patrolled by hundreds of people whose fulltime job is searching for dropped coins, you’re better off assuming it’s not a coin

Exactly. No point in even trying anything, if it's a good idea someone has already done it.

Re: A Man Who’s Spending $1B to Own Every Pop Song

#212

It will be industry-wide game over when they grab Max Martin and Lukasz Gottwald https://nypost.com/2015/10/04/your-favorite-song-on-the-radi... I think the goal is to launch the next ASCAP/BMI/SESAC and basically charge astronomical rates for songs people want to hear. Songwriters will love it and artists will have no choice. This is pretty much a confirmation: "Along with owning a bigger chunk of the publishing mar…

One can turn that around. There is a lot of good music and talented people around but the machinery around music media and distribution and life style is such that most people end up listening the same few composers and artists world wide.

So it might look that the composer or artist themselves are somehow unbelievably special.

The talent shows for example have produced quite many popular artists here. One could see that as "see, anyone can be successful!". Or one can see that the machinery can choose which talented and hard working people they make "successful".

The journalism around music is especially naive. They constantly mix up people, phenomena, music, promotion and popularity happily.

People to a surprising degree like what they think they are supposed to like.

Re: A Man Who’s Spending $1B to Own Every Pop Song

#213

Earlier quoted context omitted.

If you see a coin on a street aggressively patrolled by hundreds of people whose fulltime job is searching for dropped coins, you’re better off assuming it’s not a coin

Exactly. No point in even trying anything, if it's a good idea someone has already done it.

It’s foolish to assume supernormal returns on investment in a highly competitive market without either innovation or insight, yes.

Re: A Man Who’s Spending $1B to Own Every Pop Song

#214

Earlier quoted context omitted.

I like the concept. I believe the value of back catalogs will only increase. As they increasingly corner the market, there should be a corresponding value increase in stock. What's not to like?

The thing not to like is the current stock price, because everything that you like about it will have already been analysed in deep detail by the market, and priced in. By investing in a public company, you are saying “I think the market is wrong about the potential for this company”, and I’m curious to know why you think that having read this public piece, you think the company is currently undervalued? The shares a…

You've missed a decimal point - the shares are at £1.09, not £109!

Re: A Man Who’s Spending $1B to Own Every Pop Song

#215

Earlier quoted context omitted.

When I invest it’s usually because I think “I like this dividend yield.” I can buy, forget and auto-reinvest the dividends. Stock price swings are not particularly interesting if you never plan to sell.

> When I invest it’s usually because I think “I like this dividend yield.” That's a pretty sophomoric way to look at investing. Many companies provide no dividends. Many give large dividends, but their stock value decreases. Obviously, when considering an investment, one considers both the dividends and potential growth of the underlying asset together.

In this specific situation one of the clearly stated aims of Hipgnosis is to return income through dividends.

https://www.hipgnosissongs.com/investment-objective-and-poli...

Re: A Man Who’s Spending $1B to Own Every Pop Song

#216

Earlier quoted context omitted.

I like the concept. I believe the value of back catalogs will only increase. As they increasingly corner the market, there should be a corresponding value increase in stock. What's not to like?

The thing not to like is the current stock price, because everything that you like about it will have already been analysed in deep detail by the market, and priced in. By investing in a public company, you are saying “I think the market is wrong about the potential for this company”, and I’m curious to know why you think that having read this public piece, you think the company is currently undervalued? The shares a…

>everything that you like about it will have already been analysed in deep detail by the market, and priced in.

This sounds like some religious creed, with dogmatic status. You do realise that The Market, hallowed be its name, is just people, and people are (often) wrong. The recent high profile news about wework should be a great example of this, or indeed any regular observation of our world.

He just thinks the stock is going to go up in the future, based on his observations. What's so strange about that?

Re: A Man Who’s Spending $1B to Own Every Pop Song

#217

Earlier quoted context omitted.

The thing not to like is the current stock price, because everything that you like about it will have already been analysed in deep detail by the market, and priced in. By investing in a public company, you are saying “I think the market is wrong about the potential for this company”, and I’m curious to know why you think that having read this public piece, you think the company is currently undervalued? The shares a…

>everything that you like about it will have already been analysed in deep detail by the market, and priced in. This sounds like some religious creed, with dogmatic status. You do realise that The Market, hallowed be its name, is just people , and people are (often) wrong. The recent high profile news about wework should be a great example of this, or indeed any regular observation of our world. He just thinks the st…

No, he thinks the company has an interesting and strong business model, which is not the same as saying the stock will go up.

Re: A Man Who’s Spending $1B to Own Every Pop Song

#219
post #15

This new moment of marketization is interesting to observe from the sidelines. I'm a musician but I've never gotten paid for making music and don't want to be. This way, songwriting and playing music can remain something I do purely for the intrinsic joy of it. And it's not really so long ago that, if you wanted music in your house, you had to play it yourself. I have nothing against recorded music or professional mu…

> but it's interesting how much we seem to collectively forget that buying music isn't the only way to have access to it.

I guess the other way is to play at home, in isolation, so you don't need a license like you would need when playing for a group?

Re: A Man Who’s Spending $1B to Own Every Pop Song

#220
Just a thought:

If that is really what it would cost, then for 0.1% of the cost of the Iraq war, we could have had free culture, unencumbered by copyrights. I guess for 1%, the whole century's music production released in the public domain?

Surely, it would have made more for everyone's life comfort than the operation Iraq Freedom did?

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