The music industry is best reconceived as a single financial asset class

Evidence

Jonathan Sterne may be right to proclaim “there is no ‘music industry,’” but not because there are “only many industries with many relationships to music.” Maybe there is no music industry because there’s just a hedge fund. — Andrew deWaard, Derivative Media, 237

Categorization

• XREF: Connects to the reader’s stated goal — the whole ‘trace one financial instrument’ project begins from this reframing of music as something a hedge fund owns, not many industries. — connects to: Music’s commodity status already contains all necessary social mediations — Dirk Braunstein, Adorno’s Critique of Political Economy, 475