Springsteen’s Music More Alluring Than Real Estate for Eldridge
Bruce Springsteen performs in New York City, last month.
Photographer: Theo Wargo/Getty Images
Eldridge Industries’ president said investing in music rights can generate cash flow similar to real estate, but without the hassle.
Tony Minella compared the $70 billion asset manager Eldridge’s purchases of stakes in catalogs from Bruce Springsteen and the Killers to real estate, saying they generated strong income without the work needed for owning property.