Whole Business Securitization in the music industry involves a company pooling its revenue-generating assets, such as music catalogs, publishing rights, or future royalty streams, and issuing bonds backed by these assets to investors. This financial strategy allows music companies to raise significant capital upfront by leveraging their intellectual property and future earnings. For example, SESAC Music Group recently secured $889 million through a whole business securitization³. This mechanism provides a way for music entities to access liquidity and fund operations or acquisitions.