Hedge funds bet big on classic rock

The sale of music catalogs has become big business for legacy artists. Why has this huge investment taken off so recently, and why isn’t hip-hop getting in on the action? Financial Times US media correspondent Anna Nicolaou (@annaknicolaou) explains. Read Anna’s story: https://www.ft.com/content/c31fa721-676d-480a-8c1d-bb26b7ec809c Today’s episode was produced and engineered by Jon Ehrens, and hosted by Rani Molla. Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices