HITS Daily Double


The NDAs are signed and the bids are being tendered as the derby for SONGS pubco progresses. The voracious appetite for music properties among VCs is driving the upward price spiral in this latest derby, just as it's powered such massive recent stories as the rumored purchase of Carlin by Round Hill and the $600m acquisition of Imagem by the jazzy hepcats at Steve Smith’s Concord Bicycle.

Word is that the price of SONGS has ballooned as mid-tier copyright collectors throw more of their spend-it-or-lose-it investment capital on the table. Who will prevail, and what might be CEO Matt Pincus' next move? Stay tuned