Entertaining Stocks

Below is a link to a video clip discussed in my Entertainment Finance class that I choose to share with you.  


http://video.foxbusiness.com/v/3894859/cashing-in-on-music-rights/


I have heard of this before...and it rang a bell once again when Robert Kiyosaki author of Rich Dad Poor Dad mentions that he invests in music and this was an example he used for assets.  I do find it interesting, new and exciting! I think the reason it excites me so much is how much we have evolved as a society that now we look to the world of entertainment as an investment opportunity! So much has changed over the years and it only motivates me more to be financially savvy and while still being able to enjoy the "fruit of my looms"; as entertainment professionals, if we invest in our own industry our asset would indeed be our income and vice versa. Finance is no longer boring.


We do have to think about how much music artists have given up to make money due to the efficiency of technology.  I for one am not so tech savvy, that I do still go out and buy the cd's or just youtube a tune.  I also don't think its smart to spend between $1-3 on a song on i-tunes when I can get the rest of the artist's songs on their cd for $13; maybe I'm lets put it politely...dollar efficient. I have found myself going to record stores and have invested in vinyls-they are collectables and when one does their research, a very good investment in the long run.  However, we all have to make a living for ourselves and if this is a profitable way for artist to do make that extra penny-great! It is a savvy business move right now and I do find ourselves in a time of change and innovation where even boring stocks and bonds can be exciting because we invest in our entertainers and their success becomes our success.


I am eager to give this a try and learn as much as I can about it.  I have included a stock ticker in my blog with some stock in the entertainment industry and others for you to compare.  I advice to keep learning and stay current because this is an industry that is always evolving and I am happy to be a part of it.  This ever chaining world seems to have much interest in this industry and it shows.