Back in 2005 there were dozens of “for-lease” signs up on Music Row in Nashville. The music industry spiraled downwards, and songwriter-producer Scott Parker, saw it first-hand. Many traditional opportunities in the music industry had vanished, and Scott began looking for other opportunities.
On a fishing trip with his brother-in-law Eric, a hedge fund manager and investor, they struck up a conversation and began brainstorming different ways to find opportunities within a changing industry. When the conversation turned to music publishing, Eric said that songs reminded him of oil wells. Together they realized the potential for both investors and for songwriters. After returning home and consulting with good friend and fellow investor Jon Morgan, they decided that buying catalogs could be mutually beneficial to both buyers and sellers. Eric and Jon gathered a pool of investors to purchase catalogs, and Hearts Bluff Music was born.
Over 10 years later, Hearts Bluff is thriving. Scott currently runs the Nashville-based office with a small, specialized and focused team. Since 2005, Hearts Bluff has managed over 30 million dollars worth of catalog investments, and has assimilated a historic portfolio of copyrights and royalty interests spanning more than a half century of definitive American Music. These include over 90 #1 Hits, 8 Hall-of-Fame Songwriters, and thousands of songs performed by the top-selling artists of all time.