In the past month, Blackstone, KKR and Apollo have poured more than $US3 billion into buying song copyrights, as a revived music industry hums back towards CD-era revenue levels.
New York | After his car broke down on the way to work in Idaho last October, Nathan Apodaca took his skateboard the rest of the way, filming himself as he drank cranberry juice and mouthed lyrics toDreams by Fleetwood Mac.
He then uploaded the video to TikTok – where it would go viral, create a multimillion-dollar windfall for members of the band and contribute to warnings that the booming market for music copyrights was running too hot.
