Private-equity firms have started to snap up music assets with the intention of changing the economics of the recording business. New York-based Dimensional Associates, the private-equity arm of hedge fund JDS Capital Management, bought the remaining stake of a subscription service for independent music called eMusic Live (formerly Digital Club Network) for an undisclosed price on May 12. An interview with Dimensional’s CEO Danny Stein…
“History suggests that all of these assets will get consolidated into the next generation of media behemoths. We think that will start to happen in 2005 and really pick up speed.”
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