Engaging in the music market is a good bet for small investors, mainly due to the growth of streaming platforms. Daniele Peninwhich has amassed millions from the internet in product sales alone, provides tips on how to step forward in the music market and generate good revenue.
“For entrepreneurs and investors in service there is a subsidiary that is still little known and explored, but which can be very profitable. The music market has meant that several national investors have high financial returns in the year 2021”, he says.
By applying their resources to this type of alternative investment, stakeholders begin to do so earn royalties on the copyrights of certain artistson an extensive list of songs, performed in concerts, public places or on digital platforms such as Apple Music, Spotify and YouTube Music.
“Music royalties are classified as alternative investments, as they contain very low interest rates and, consequently, lower costs for the investor, these investments have attracted the attention of those looking for new options to diversify their portfolio of assets. and get more attractive earnings. The sound market is growing, as more music has been consumed with the advent of streaming “, to complete Daniele.
According to the data revealed by the IFPI (International Federation of Phonographic Industry), in 2021 there was a growth of 34.6% revenue from the streaming market in Brazill compared to 2020, in a total movement of 1.8 billion – which is equivalent to 85.6% of all industry revenuesa.
“Make money without leaving home”declares penina.
For those wishing to invest in this sector, more than 5,600 compositions and recordings by Brazilian musicianswith expected profitability between 12.78% (pessimistic scenario) e 19.19% (optimistic scenario).
+The best content in your email for free. Choose your favorite Earth Newsletter. Click here!
Source: Terra
Emily Jhon is a product and service reviewer at Gossipify, known for her honest evaluations and thorough analysis. With a background in marketing and consumer research, she offers valuable insights to readers. She has been writing for Gossipify for several years and has a degree in Marketing and Consumer Research from the University of Oxford.
