At this point, it is impossible to know how long the outbreak and shutdown will last or the lingering effects on businesses, the economy, and the credit and M&A markets, but despite temporary disruption of live events, we believe that once business resumes, the music industry will continue to see high levels of activity as companies respond the impacts of COVID-19. We have included industry insights to help you stay ahead in this dynamic and constantly evolving sector. Driven by growth of streaming music, the sector has seen continued consolidation (such as Tencent’s acquisition of a stake in UMG and Pandora’s investment in SoundCloud) and evolving dialogue around artist remuneration. Despite the current disruption, we expect activity to remain high for the foreseeable future as the sector continues its evolution, the key players refine their strategic goals, and artists continue to fight for their share.
We understand the anxiety created by these uncertain times, and we are here to share our perspective based on our real-time conversations with industry executives and our comprehensive views on the markets—M&A, public equities, and credit. We will continue to monitor this rapidly evolving situation and look forward to staying in touch.