#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
00:00
*Identifying value in the music industry *
The music industry has seen a significant transformation in how money is made from music due to the evolution of streaming services like Spotify and Apple Music. Companies like UMG have successfully adapted to these changes by embracing new technologies and making early deals like with Spotify. Despite the industry facing challenges from advancements like artificial intelligence in music generation, the key lies in having a valuable library of iconic assets like The Beatles and U2. Looking ahead, the future of music consumption may involve neural link chips for instant music access, but the focus will always remain on the content owners such as artists and labels.
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