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.