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Apple Music’s Top Artists May Have Missed A Multi-Million Dollar Opportunity

Neon Money Club pulled up fresh from attending the 65th Annual Grammy Awards to put us on game by merging investment education with music. — In 2020, Roddy Ricch had the most played song on Apple Music with 455 million streams. Apple Music only pays $0.01 per stream, which means Ricch made an estimated $4.5 million from Apple Music that year. But what if the streaming service paid him in Apple stocks instead of cash? Let’s find out.   “You don’t have to be an investment professional to spot value.”   Apple’s stock price was $79 per share in 2020. Therefore, Roddy Ricch would’ve gotten 57,500 shares. That same stock is worth $152, as of this writing, which means his $4.5 million would’ve nearly doubled to $8.6 million. If Roddy had made a similar move with Spotify, he would’ve lost money instead. But unlike Spotify, streaming isn’t Apple’s only business (iPhone, AppleTV+, Macbook, etc.), and this is where common sense analysis (a.k.a. Good Taste) is useful. You don’t have to be an...

Feb 6, 2023