More VC & Finance Veterans Move In
Apr 5, 2018 23:19:02 GMT -5
Post by boscy on Apr 5, 2018 23:19:02 GMT -5
As Streaming Fuels Music Industry's Growth, More VC & Finance Veterans Move In
Spotify and other services' success has fostered a new interdisciplinary ecosystem of tech-forward music companies.
Many of the music industry’s most influential executives -- Guy Oseary, Troy Carter, Scooter Braun, Lyor Cohen, Jimmy Iovine -- have dabbled in or even fled entirely to the worlds of tech, finance and VC, sensing both higher profits and a stronger affinity for innovation. But now, thanks in part to the growth of streaming, the moves are increasingly happening in the other direction as well.
Many of the music industry’s most influential executives -- Guy Oseary, Troy Carter, Scooter Braun, Lyor Cohen, Jimmy Iovine -- have dabbled in or even fled entirely to the worlds of tech, finance and VC, sensing both higher profits and a stronger affinity for innovation. But now, thanks in part to the growth of streaming, the moves are increasingly happening in the other direction as well.