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Financial Times
Financial Times
Business
Anna Nicolaou in New York and Kaye Wiggins in London

How Wall Street stormed the music business

© FT montage; Getty Images/Hulton Archive/EPA/EFE | Merck Mercuriadis, centre left, Stephen Schwarzman, right

For Barry Massarsky, a specialist number cruncher for pop stars and record labels, the financialisation of music has been very good business.

“We are so busy. We are so unbelievably contracted with so many different players . . . new funds are coming in once or twice a week”, Massarsky told the Financial Times in July. “[My business partner] is like: ‘Hold the door shut!’ It’s wild . . . the market is scintillating”.

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