Episode 5 - Larry Mestel, Primary Wave
Larry Mestel, Founder & CEO of Primary Wave discusses why music rights are a compelling asset class (3:00), why artists would sell their rights (6:00), reviews some examples of creative tactics to build the revenue stream from legacy artists (8:00), Bob Marley, Whitney Houston, Prince - what makes a musical icon and legend (13:00), shoes, lottery tickets, & a new holiday - how Primary Wave adds value to their partner artists (15:30), how streaming saved the music industry (21:00), how covid-19 has impacted music publishing (24:00). We finish up with a story on how Paul Anka brought musical inspiration back to Frank Sinatra (29:00).
This podcast was recorded on June 4th, 2020. The respective opinions expressed are those of Mr. Mestel and the Biltmore Family Office, LLC investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.
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