Hitting All the Right Notes
The growth in music consumption offers a distinct opportunity to diversify and grow your portfolio through music royalties.
Why Invest Now
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On-Demand Streaming Growth
Music continues to grow globally with on-demand audio song streams hitting 4.1T in 2023.¹
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Valuation Surge
Music catalogue valuations have surged with Bruce Springsteen's songwriting catalogue selling for a reported US$550 million.²
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Revenue Expansion
Revenue from the use of recorded music in advertising, film, video games, social media, and TV grew 22.3% in 2022.¹
Why We Like Music Royalties
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Consistent Income
Artists and composers receive royalties whenever their music is played. As an investor in music royalties, so do you.
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Diversification Benefits
People enjoy music regardless of economic or stock market conditions, making music royalties a unique portfolio diversifier.
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Low Cost Management
Unlike other investments (like rental properties), which require maintenance and additional costs, music royalties have very little incremental capital or operating expenses.
Recent Industry Transactions*
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![Westmount Wealth - Music]()
Bruce Springsteen
Bruce Springsteen sold his catalogue for an estimated US$550 million.
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![Westmount Wealth - Infrastructure Asset Class - Communications & Digital]()
Tina Turner
An estimated US$50 million was realized from the sale of Tina Turner's catalogue.
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![Westmount Wealth - Infrastructure Asset Class - Utilities]()
Phil Collins/Genesis
The transaction of Phil Collins's catalogue was valued at an estimated US$300 million.
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![Westmount Wealth - Infrastructure Asset Class - Social Infrastructure]()
Stevie Nicks
Stevie Nicks' catalogue commanded an estimated sale price of US$80 million.
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![Westmount Wealth - Music]()
Bob Dylan
Bob Dylan's catalogue was purchased for an estimated US$300-400 million.
“We expect consumer spending on music to remain resilient in a higher inflation/ weaker macro environment. Our analysis shows that music remains one of the most under-monetized forms of entertainment, with spending still 40% below its historical peak, while consumption continues to grow year after year.”
Goldman Sachs – “Music in the Air”, June 13, 2022
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The artists featured are illustrative examples of recent music royalty acquisitions, and they are not representative of the holdings of any Westmount investments.
¹ Source: Luminate 2023 End-Year Report
² Source: Bruce Springsteen Sells Music Catalog in Massive Deal
* Source: Goldman Sachs – “Music in the Air”, June 13, 2022.