When we first covered the vast amounts of cash that companies like Hipgnosis were throwing into the music publishing market, we thought things had hit some sort of insane peak. Well were we VERY wrong. In the months since, the press has been filled with one enormous deal after another, peaking (at least for now) in the reported sale of Dylan’s entire catalog for 300+ million dollars. But does…any of this make business sense? Or is it just rank speculation? And how will it shape the future of music?  To sort things out, we got together a dream team—Cherie Hu of Water & Music and David Turner of Penny Fractions—to talk through what’s happening and what might come next.

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