Takeoff Death and The Music Industry Arts Market Investment Opportunities
By Leroy A. Brown
On Tuesday, November 1, 2022, rapper Takeoff from the rap group Migos was shot and killed early in the morning.
The Houston, Texas, police reported that he was shot after a private party at 810 Billiards and Bowling.
Takeoff was 28 years of age.
There are videos circulating the internet showing Migos rapper Quavo involved in a verbal dispute where shortly after, shots were heard.
It was reported that about ten (10) shots were fired from two (2) different guns.
Houston, Texas, police Chief Troy Finner communicated about the incident.
Houston, Texas, Mayor Sylvester Turner urged individuals with information that may assist in the investigation to come forward.
A 23-year-old male and a 24-year-old female are reported to have taken themselves to the hospital with non-life-threatening wounds.
Takeoff
Takeoff was born Kirshnik Khari Ball on June 18, 1994, in Lawrenceville, Georgia. He also started Migos rap group in 2008/2009 with Quavo and Offset in Atlanta, Georgia.
Offset is in a relationship with music celebrity Cardi B.
It is said that the last song on Takeoff’s Instagram page was “Stop Breathing."
Through Migos, Takeoff had songs like the 2013 smash hit - ‘Versace’ and the 2016 hit - ‘Bad and Boujee,' along with the 2017 album – ‘Culture.'
The Music Industry Arts Market
Even though the global COVID-19 pandemic caused live and performance events to be reduced or canceled, the international recorded music business grew by 7% in 2020 to over US$23 billion in record label trade revenue.
This was the 6th straight year of growth.
In 2020, streaming music revenue was over US$14 billion.
The three (3) significant players in the music industry are Sony Music Entertainment (SME), Universal Music Group (UMG), and Warner Music Group (WMG), accounting for over 65% collectively in market share.
Universal Music Group (UMG) is the largest record label by market share.
The Music Industry Arts Market Investment Opportunities
Three (3) ways to invest in the music industry, whether you are an artist or not, are:
1.
MUSIC STREAMING
Music streaming is audio being sent directly to your devices, such as a laptop or phone, without requiring downloading files.
According to the Recording Industry Association of America (RIAA), the United States of America(U.S.A.) recorded over US$12 billion in streaming services revenue in 2021.
To be part of this as an investor, you may buy shares or stocks in companies that provide streaming services, such as Spotify, Sirius XM, Apple Music, Alphabet’s YouTube, Amazon Music Unlimited, and iHeartMedia.
These companies trade on stock exchanges as follows:
Spotify trades as Spotify Technology [stock (ticker) symbol – SPOT] on the New York Stock Exchange (NYSE);
Apple Music is part of Apple Inc. [stock (ticker) symbol – AAPL] that trades on the National Association of Securities Dealers Automated Quotations (NASDAQ) stock market;
Alphabet’s YouTube is part of Alphabet Inc. [stock (ticker) symbol – GOOG] that trades on the NASDAQ;
Amazon Music Unlimited is part of Amazon.com, Inc. [stock (ticker) symbol – AMZN] that trades on the NASDAQ;
Sirius XM trades as Sirius XM Holdings Inc. [stock (ticker) symbol – SIRI] on the NASDAQ;
And iHeartMedia trades as iHEARTMedia Inc. [stock (ticker) symbol – IHRT] on the NASDAQ.
2.
MUSIC ROYALTIES
Music royalties are payments received for the right to use a particular asset like someone’s music.
You may invest in creative works through platforms like Royal Exchange and receive a share of the royalties as passive income.
3.
LIVE MUSIC AND CONCERTS
A concert is where a performance is done in front of an audience.
You may invest in entities that participate in live music and concerts, such as Live Nation.
Live Nation, combined with Ticketmaster and is a global entertainment company. It operates, promotes, and manages ticket sales for live entertaining events in the United States of America (U.S.A.) and worldwide.
Live Nation trades as Live Nation Entertainment, Inc. on the New York Stock Exchange (NYSE).
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