Beyond the Stream: Valuing Music Catalogs as an Alternative Asset Class

Authors

• Amelia Jade Magay, University of New Hampshire, Durham

Date Completed

Spring 2026

Abstract

This thesis builds a quantitative valuation framework for music catalog transactions and tests its limits systematically. The goal is not to produce a formula that perfectly prices every deal. The goal is to identify where streaming-based financial analysis is a useful underwriting tool, where it breaks down, and what categories of value investors appear to be pricing beyond publicly available streaming data.

Document Type

Undergraduate Thesis

First Advisor

Richard Kilbride

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

College or School

Paul College

Degree Name

Bachelor of Science

Recommended Citation

Magay, Amelia Jade, "Beyond the Stream: Valuing Music Catalogs as an Alternative Asset Class" (2026). Honors Theses and Capstones. 967.
https://scholars.unh.edu/honors/967