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Inside Concord's $217M Acquisition of Daddy Yankee's Music Catalog | Wealth Wednesday
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Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we're covering some of the biggest headlines in the music and business world, starting with the massive $217 million acquisition of Daddy Yankee's music catalog by Concord. Known for hits like "Despacito" and "Gasolina," Daddy Yankee's impact on the global music scene is undeniable, and this deal further cements his legacy. We’ll explore what this acquisition means for the reggaetón superstar, how Concord plans to monetize this investment, and the broader significance of music catalogs in today’s industry. You’ll also hear about Concord’s other high-profile acquisitions, including its ownership of the iconic Latin label Fania Records, and how they continue to dominate the music catalog space.
Next, we shift to some big news from Washington. Vice President Kamala Harris has announced the expansion of her forgivable loan program for Black entrepreneurs to now include Latino entrepreneurs as well. Under her proposed administration, Latino men would be eligible for loans of up to $20,000, aimed at helping small businesses and their families thrive. We’ll break down what this could mean for the Latino community, how this initiative builds on previous efforts, and the potential economic impact of these forgivable loans.
We also welcome back Jeremiah, who brings us a recap of his trip to Puerto Rico.
This episode is packed with insights on the intersection of music, business, and culture. From Daddy Yankee's historic deal to the Vice President’s promises for Latino entrepreneurs, we’re discussing how these developments are shaping the future of both the music industry and Latino business communities.
Follow us on IG: @latinwealth Email for questions or inquiries: latinwealthpodcast@gmail.com
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