Fred Davis, Partner at The Raine Group: Fortt Knox Innovation Lab

At the Amplify Music Investment Summit, fresh off the stage from interviewing his legendary father, Raine partner Fred Davis tells Jon Fortt how he picks entrepreneurs and IP, not catalogs, pairing M&A advisory with investing. BMG-Concord, publishing-heavy, could be a fourth major eyeing recorded music. Spotify and Apple DSPs made publishing predictable cash, turning catalogs into B/C-round bets. K-pop's global-first training and Western co-writers eclipse French, Japanese, Bollywood.