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A surge in streaming for golden oldies has benefited one savvy investor

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Locked-down music lovers are dusting off golden oldie playlists to reminisce about time spent with friends, lip-syncing songs such as Don’t Stop Believin’ through kitchen-tong microphones.

The 1981 classic by Journey, Don’t Stop Believin’, is seeing 362,000 streams a week, launching it back into the top 200 chart, and a Nielsen survey showed almost two-thirds of people reported turning to old favorites through the lockdown.

The surge in music streaming has been to the benefit of a canny investment fund, which buys the rights to classic songs from artists including Bon Jovi and The Beatles, paying investors a share of each play.

Read: Why…



Source marketwatch.com

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