Pink's Bottom Line on Media, Money and Sports
Music catalogs, hot housing markets and NFL milestones
In today’s edition, I discuss the sale of two music catalogs, the country’s hottest housing markets for 2021 and two NFL milestones.
MEDIA: Music Catalogs
It’s not often that you’d see the names of musical artists Bob Dylan and Stevie Nicks in the same sentence, but there’s a reason I’m mentioning them together today.
In the past week, both Nicks and Dylan sold all or part of their songwriting catalogs. Nicks sold 80% of the rights to her songs to Primary Wave, a music publisher, while Dylan sold 100% of his song catalog to the Universal Music Group.
Pink's Bottom LineBoth sales commanded top dollar, and they indicate just how valuable music rights have become.
In particular, as music streaming grows in popularity, opportunities are emerging to monetize songs from top artists like Nicks and Dylan.
While I agree with Dylan that “the future, my friend, is blowin’ in the wind,” music’s future could be streaming in the end.
MONEY: Hottest Housing Markets
Two California cities — Sacramento and San Jose — will be the two hottest housing markets in the United States 2021, according to Realtor.com.
Realtor.com considered a number of factors to determine its rankings including sales prices as well as economic and income growth in a given city.
California accounted for four of the top ten while cities from Idaho (Boise), Washington (Seattle), Arizona (Phoenix) and Colorado (Denver) also made the list.
Pink's Bottom LineInterestingly, only two cities from the eastern part of the country — Charlotte, North Carolina and Harrisburg, Pennsylvania — cracked this top ten list.
Most of these top ten cities — with the exception of Harrisburg — are quite pricey, suggesting that while these housing markets may be hot next year, they may not be affordable for many people.
SPORTS: NFL Milestones
Two of the NFL’s top stars hit two different milestones in games this weekend showing just how powerful the league’s offenses have become over the years.
Quarterback Aaron Rodgers of the Green Bay Packers this Sunday became the fastest quarterback to throw 400 career touchdown passes, accomplishing that feat in 196 games.
Separately on Sunday, Travis Kelce, a tight end for the Kansas City Chiefs, became the first player at his position to record five consecutive seasons with 1,000 or more receiving yards.
Pink's Bottom LineIn the past two decades, many rules have changed in the NFL that lead to more scoring and that ultimately favor offenses.
That’s one reason why we’ve seen so many records set and milestones reached in the NFL in the past few years.
That said, Rodgers and Kelce each are truly special players, and they transcend the changes that have been made that favor offenses — each would have been dominant in any era that they might have played.
Jeremy Pink is COO of Geniecast, a leading virtual content and experience company. He is also currently an advisor to companies in media and financial tech. Jeremy is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. Jeremy is also a former CNBC television executive in New York, London and Singapore.
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(Newsletter Editor: Karina Pink)