The Ledger
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Mestel: Recorded music revenue has bottomed out and started growing again
“Wasn't until relatively recently that mechanical revenue, which is physical sales of physical CDs, downloads, coupling with digital streaming now really started to level off and now is starting to ascend again.”
Mestel: Primary Wave's $5B hedge fund backer collapsed overnight in 2008
“And the hedge fund that had Been supplying us all of our equity capital ended up literally going out of business overnight. I mean, it was really one clean swoop and they were amazing partners and they were just absolutely fantastic. But you know, they went fr…”
Mestel: Music catalog assets trade between 5x and high-teens cash flow
“There's a big range of what assets trade for as little as five times and as high as the upper teens.”
Mestel: Financially Backed Independent Competitors Have Flooded Music Publishing Since 2006
“Well, when we started in 2006, there really wasn't as much independent competition as there is now over the last few years. A lot of independent financially backed competitors have come into the marketplace”