GOLDMAN: STREAMING "REVOLUTION" TO DRIVE BIZ TO $104B
BY 2030
Revenues across the music-industry ecosystem will grow to a mind-boggling $104 billion by 2030, according to new estimates from Goldman Sachs Research, which describes the coming explosion as a “second digital revolution.”
Streaming will account for $14.1b of total record-label revenues, which are projected to hit $35.5b. And the percentage of catalog consumption will rise from 50% to 70% of this massive pie.
The biggest beneficiary of this colossal windfall is expected to be UMG, which has been valued at $23.5b. That’s $1b over the previous high valuation of $22.5b, which parent company Vivendi attributed to certain unnamed bankers back in April.
“Streaming is a massive game-changer for the recorded music industry, in the sense that it establishes a much more sustainable business model for the labels,” says Goldman Sachs analyst Lisa Yang.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMS
