Appraise Quote by Chris Thomas King
“The tax incentives are things the music business can emulate. If I own Yesterday by the Beatles and I go to a bank and try to borrow $10,000 and use that song as collateral, they wouldn't know what to do. They would run me out of the bank. Whereas if we get specialized people who know how to appraise the value of intellectual property like songs, catalogs and master recordings, they know how to put some type of value on it. They have this in Nashville and Los Angeles. New Orleans is just starting to get it.”
About This Quote
Source Interview: Music Business Podcast, 2023
Intellectual property can be used as collateral if experts can value it, enabling financing for music assets.
In simple terms: Songs can secure loans if properly appraised.
Key Takeaway
Develop IP appraisal expertise.
Themes
finance
intellectual property
music industry
valuation
collateral
Mood
pragmatic
optimistic
Type
advisory
industry insight
When to use this quote
- Negotiating record deals
- securing loans for catalog purchases
- building IP appraisal firms
- educating banks on IP value
Key Concepts
Asset valuation
risk management
creative economics
Questions to Reflect On
- How can the music industry standardize IP valuation?
- What barriers exist for banks to accept IP as collateral?
A Different Perspective
Banks may lack expertise, leading to rejection without proper appraisal.
