Iconic Producer Quincy Jones Lends His Expertise to the Quincy 100 Index
Iconic music producer Quincy Jones is lending his expertise to a new index, the Quincy 100 Index. The fund is made up of 100 companies will focus entirely on music streaming companies and businesses.
Donna Nairi is the founder and CEO of Iconicbeta, the group behind the development and licensing of the Quincy 100 Index. Nairi joins Cheddar to explain why they wanted to pursue a music streaming index. Nairi and Quincy Jones are both bullish on the field and see it as the future of music.
To be included in the index the international companies have to have at least $1 billion in market value. Nairi says while she cannot talk about it, future opportunities to invest and get involved in the Index should be available sometime soon.
Naveen Jain, Co-Founder of Yat Labs, joins 'Cheddar Innovates' to discuss how a 'Yat' is changing the way people think about their online identities, and why artists like Questlove and G-Eazy are backing this idea.
Mike Proulx, VP and research director at Forrester, joined Cheddar to talk all about Disney's lackluster Q3 earnings after the company reported a slowdown in Disney+ subscriber growth. Proulx discussed a Forrester study that found 45 percent of U.S. adults subscribed to streaming services because of the pandemic but 26 percent had plans to cancel a service over the next two years. "We're always going to look at growth, and we also have to look at engagement," he said. "But both of those metrics come down to having either original or exclusive content that will offer value to the subscriber base."
Anthony Sassine, a senior investment strategist at KraneShares, joined Cheddar to discuss Rivian's historic public debut after the company achieved an $86 billion valuation — more than either Ford or GM. He said the big IPO was a great opportunity for the U.S. to position itself as a leader in the EV space after lagging behind Europe and China. "When you have certainty for growth for the next 10 to 15 years, investors are willing to pay more," he said. "So, this is a massive opportunity for the whole space."
The Department of Justice has filed a lawsuit against Uber, alleging the ride-hailing company discriminates against customers with disabilities. The DOJ is arguing that its two-minute wait period before a cancellation fee is applied violates the Americans With Disabilities Act.
