๐ตIntroducing the Clouty Tune ETF by @cloutyio, tracking the ๐ฆ๐ผ๐น๐ฎ๐ฐ๐๐ถ๐๐ฒ ๐๐น๐ผ๐๐๐ ๐ง๐๐ป๐ฒ ๐๐ป๐ฑ๐ฒ๐ !
This innovative index captures the transformative power of companies revolutionizing the music and entertainment industry. ๐ฝ๏ธ
๐Learn more: https://t.co/kKRrpsUKAp
.@cloutyio is set to launch the $TUNE ETF โ a fund that gives investors exposure to the music, media, and entertainment industry ๐ต
Clouty CEO David Umeh joins @Cline_Woods for a look at the fund and its top holdings, including $ADBE, $NFLX & $MDB: https://t.co/uUft4YaHFU
82% of 18-44 year olds have posted a video online in the past year, according to the 2023 edition of the @YouTube culture and trends report.
In the world of digital media, virtually everyone is a creator - 40% of the people surveyed viewed themselves as content creators.
$TUNE
Possible listing next week of music industry ETF
Clouty Tune ETF
$TUNE | 0.65%
Tracks the Solactive Clouty Tune index:
Music, media, entertainment industry co.s, plus co.s benefiting from streaming music biz.
https://t.co/Mz0BHHlCi5
@tidalfg@michael_venuto
Today, an 'unprecedented' alliance of music companies announced the creation of a global task force called "Music Rights Fraud", aimed at eradicating music streaming manipulation.
The objectives of the alliance are โto detect, prevent, mitigate and enforce anti-fraud measures, thereby moving closer to an industry where fraud has no placeโ
This feels like a net positive for the industry.
Great take by @cheriehu42
As โintelligence becomes more artificialโ, the need for financial instruments tailored to music will increase.
Itโs interesting to watch this unfold in real time.
The 3 major music labels are now jointly generating $2.9 Million per hour
* Universal Music Group
* Sony Music Group
* Warner Music Group
In terms of streaming revenues alone, the three majors collectively generated $3.32 billion in the first three months of 2023.
As we enter Q2, the MUSIQ 500 Index at $11,370 marks a significant YoY increase of 20.3%
Q1 saw economic turbulence, with bank collapses and tech layoffs potentially contributing to this growth.
The index in '23 hit a low of $10,049 on Jan 5th and a high of $12,100 on Mar 9th.
The Clouty MUSIQ Index tracks revenues generated from the top 500 streamed songs across all the digital service providers.
Rihanna's songs are 100% going to affect the value of the MUSIQ Index in the week following the game.
By going long on a MUSIQ futures contract, Rihanna could effectively bet on the future success of her music and see financial returns based on streaming numbers following her performance.