EPISODE · Jun 16, 2026 · 11 MIN
How Family Offices Are Investing in Music Royalty Catalogs
from Family Office Conversations with Fexingo: Wealth Management, Inheritance, and Generational Capital · host Fexingo
Lucas and Luna explore the booming market for music royalty acquisitions by family offices. With over $5 billion in catalog deals in 2025, family offices are competing with major funds like Hipgnosis for publishing rights and master recordings. The episode focuses on the case of the $1.2 billion acquisition of Queen's catalog by Sony Music in 2024, and how a single-family office structured a co-investment in the deal. They discuss valuation metrics like net publisher share, the role of streaming growth versus live performance revenue, and the risks of changing copyright laws and interest rates. Lucas explains why music royalties offer uncorrelated returns and inflation hedging, while Luna questions liquidity and diversification. The conversation also covers the due diligence process, including analyzing songwriter splits and mechanical royalties. A practical guide for family offices considering this alternative asset class. #MusicRoyalties #FamilyOffice #AlternativeInvestments #Queen #SonyMusic #CatalogAcquisitions #StreamingRevenue #PublishingRights #MasterRecordings #NetPublisherShare #UncorrelatedReturns #InflationHedging #DueDiligence #CopyrightLaw #LiquidityRisk #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Lucas and Luna explore the booming market for music royalty acquisitions by family offices. With over $5 billion in catalog deals in 2025, family offices are competing with major funds like Hipgnosis for publishing rights and master recordings. The episode focuses on the case of the $1.2 billion acquisition of Queen's catalog by Sony Music in 2024, and how a single-family office structured a co-investment in the deal. They discuss valuation metrics like net publisher share, the role of streaming growth versus live performance revenue, and the risks of changing copyright laws and interest rates. Lucas explains why music royalties offer uncorrelated returns and inflation hedging, while Luna questions liquidity and diversification. The conversation also covers the due diligence process, including analyzing songwriter splits and mechanical royalties. A practical guide for family offices considering this alternative asset class. #MusicRoyalties #FamilyOffice #AlternativeInvestments #Queen #SonyMusic #CatalogAcquisitions #StreamingRevenue #PublishingRights #MasterRecordings #NetPublisherShare #UncorrelatedReturns #InflationHedging #DueDiligence #CopyrightLaw #LiquidityRisk #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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How Family Offices Are Investing in Music Royalty Catalogs
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