AI can clean up and preserve musical classics but music buffs are rolling their eyes and gnashing their teeth
In 2024, Sony spent $2.5 billion on back catalogues amid a mad scramble from private equity groups to do the same. Classic songs are seen as a reliable alternative asset class, with artists such as Pink Floyd, Queen and others just about guaranteed to have consistent long-term appeal, which means income streams that’ll last decades. But as these acquirers seek a rapid return on their investment, the line between bringing new life to beloved art, or cheapening an artist’s legacy and authenticity, seems perilously thin. ©Bloomberg
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