It was also a different market in 2024. Much more fluid private credit industry, deal volume was much higher[1] and under very different interest rate regime[2], also generated music was just getting somewhat decent and the risk probably wasn't being factored in to long term value yet.

[1] The Queen deal came at end of series of high profile catalog acquisitions all 500M+ buys - Springsteen, Jackson(half), Bob Dylan.

[2] Interest rate while high was trending down and widely expected to even reach to pre-pandemic levels in few quarters.