The music industry isn’t where investors typically go to get rich quick. The business, despite its sheen of lucrative glamour, took a painful nosedive two decades ago when cheap digital downloads and piracy edged out physical CD sales; its pitiful revenues and unpredictability have caused Wall Street to slap a semi-permanent caution sticker onto it.
The mood, though, is changing.
This article originally appeared on www.rollingstone.com: Wall Street Is Betting on Music for the First Time in Decades
from Rolling Stone Latest Sports and Music and Movies and Politics and Culture News https://www.rollingstone.com/music/news/wall-street-is-betting-on-music-for-the-first-time-in-decades-w519734
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