Hipgnosis Songs Fund, which has been bought the rights to about 61,000 songs since 2018. 'When times are good, we celebrate to soundtracks of great songs, and equally well when we're experiencing challenges, we take escape and comfort from songs,' the Canadian-born executive said. 'The other thing besides the predictability and the reliability is that these songs are uncorrelated.
The revenues are uncorrelated to what's taking place in the market. 'Unlike industries such as energy, mining and travel, the music industry's finances are not seriously affected by recessions or wild swings in market behaviour.
People may forfeit their annual foreign holiday during bad times, but they will still listen to music in good times and bad.
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