David Schulhof, a veteran with 25 years of experience in the music industry, is set to bridge the gap between Wall Street and the world of music. Having worked as an attorney, soundtrack producer at Miramax Films, and a catalog investor acquiring rights from notable artists like Taylor Swift and Tupac, Schulhof is now spearheading an initiative that aims to reshape music investment.
The Amplify Music Investment Summit, organized by Schulhof�s MUSQ Global Music Industry ETF (MUSQ), will take place on May 8 in New York City. This conference arrives at a pivotal moment, as global music revenues are expected to surge from $105 billion in 2024 to an impressive $200 billion by 2035, according to a recent report by Goldman Sachs.
This summit is a collaborative effort between MUSQ and the Mondo NYC conference, featuring a keynote address from Robert Kyncl, CEO of Warner Music Group, moderated by CNBC�s Jon Fortt. Schulhof emphasizes that the event highlights the evolving landscape of music investment, which has transitioned from a niche market to a viable option for institutional capital.
�Music has become a very popular asset class to invest in,� Schulhof remarked, noting the influx of private equity firms investing billions into the sector. Investors are increasingly drawn to music for its potential for uncorrelated returns, dividend opportunities, and tax advantages associated with catalog investments.
The summit will host six panels that delve into various facets of the music industry, including streaming, content creation, live events, and the role of artificial intelligence. With streaming subscriptions projected to double from 800 million to 1.6 billion, optimism in the industry remains high, despite a recent revenue growth slowdown. Goldman Sachs maintains that the music sector still has significant potential for value appreciation.
By democratizing music investment through the ETF, Schulhof aims to provide broader access to an industry that has traditionally been limited to private equity investors. The fund, trading around $26 per share, seeks to educate attendees about diverse investment opportunities in music, fostering a deeper understanding and interest in this burgeoning asset class.
