Not Investment Advice 68: Ted Gioia: The history of music innovation, Silicon Valley vs. Hollywood
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Jul 23, 2022 
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Old Songs Dominate Modern Listening
- Old songs now dominate U.S. music consumption, taking roughly 70% of listening share.
- This backward-looking trend signals cultural stagnation driven by tech and investment choices.
Catalog Buying Trumps New Artist Investment
- Investors are buying song catalogs instead of funding new artists, spending billions on copyrights.
- Prioritizing past cash flows over new talent risks long-term decline in creative renewal.
Redirect Funding Toward New Talent
- Wealthy people and institutions should fund new artists and long-term cultural projects instead of only buying past assets.
- Change investment incentives to restore creative renewal in arts and entertainment.