The closely watched Music In The Air report says there's been a 20%-decline in revenue earned per audio stream in the last five years.
The 48-company ETF includes major labels, music streaming platforms, concert promoters and instrument and tech manufacturers.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
The exchange-traded fund contains 50 stocks spanning music and entertainment, including Universal Music, Warner Music, Spotify and Disney.
Billboard's Music & Money Dinner co-hosted by the NMPA on June 12 brought together some of the biggest names in the booming music investment market.
The concert promoter and ticketing company was featured in a segment on the German public television show ZDF Magazin Royale.
The rising cost of capital is inspiring a new crop of genre-specific funds to find opportunity in narrow genres within Latin, dance, film and TV, and… Nickelodeon?
The Billboard Global Music Index improved 1.8% this week — up 8.8% so far this year.
The music giant says the proceeds will be used to refinance existing debt and pay transaction fees and expenses.
The 17-month-old music company has also invested in Mick Management, Ashley Gorley's Tape Room, One Two Many Music and Defected Records.
