What does it mean to “manage” hit music?

Music industry veteran Merck Mercuriadis founded Hipgnosis Songs Fund, a company investing in music intellectual property, in 2018. It recently purchased the song catalog of Justin Timberlake and has a stable of other artists’ music. Mercuriadis explains the concept of treating songs as an asset class in today’s Economic Pulse discussion. The Fed has a full plate as it enters the first of two days of policy meetings.