Thoughts.


A selection of our observations on industry trends.

Andrew Kotliar Andrew Kotliar

A pressing issue

Still a very small portion of the music industry (physical accounted for 11% of U.S. revenues in 2021, 7% of which were vinyl [RIAA]), the vinyl industry is a fascinating microcosm to explore as metaphor for the larger recorded music industry.

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Luke Davies Luke Davies

The slow revolution in podcast ad sales

Recently, there has been a tremendous amount of public debate about the role media platforms must play in our society. This debate grows louder in particular around platforms monetizing…

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Luke Davies Luke Davies

Media buyers face inflation

Talk of inflation is abundant in today’s financial markets. In the media industry, we are focusing on significant price increases of advertising rates across formats. In the legacy world of linear television…

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Andrew Kotliar Andrew Kotliar

Opportunity dressed in overalls

In the filmed entertainment business, we are closely watching the growth in “overall” deals — contracts that lock-up creators to exclusively work for one specific…

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Andrew Kotliar Andrew Kotliar

Let’s not put a label on it

An important music industry deal made headlines this past month: Sony Music is acquiring AWAL from Kobalt for $430M. Kobalt is a rights management company long seen as…

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