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£1.4bn music fund founder spurns new music for old hits

Canadian singer-songwriter Neil Young performs at the Orange Stage at the Roskilde Festival in Roskilde, Denmark, on July 1, 2016. (File photo)

The music industry has rebounded after more than a decade of piracy and songs have become a serious asset class. But that may not help the upcoming artists of today, as the sector’s biggest investors are mainly interested in old records.

“Our disruptive song management is built around the streaming paradigm, focused on managing and promoting our great hit songs of the past which have…

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