“Music is a very uncorrelated asset class. It doesn’t really swing with the tides of the markets.” – 01:01
David Schulhof, MUSQ Global Music Industry ETf, joins Remy Blaire at the New York Stock Exchange to discuss the dynamic world of the music industry and its financial implications.
David explains why music is considered an uncorrelated asset class, resilient to market fluctuations and tariffs, and emphasizes its undervaluation and under-monetization. He shares insights into MUSQ’s impressive year-to-date performance, up 18-19%, and discusses the potential for streaming services to continue raising prices to align with competitors like Netflix and Hulu.
Transitioning to earnings season, David provides an analysis of Spotify and Universal Music Group’s recent results, noting strong fundamentals and growth in monthly active users and paid subscribers. He expresses optimism about upcoming reports from Live Nation, anticipating positive outcomes.