RUMOR MILL
Back to Rumor Mill >
Tuesday, August 29, 2017

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.

 
BACK TO RUMOR MILL
 
AND THE 2025 GRAMMY NOMINEES ARE...
And away we go. (11/8a)
Check It Out Now
BEY LEADS ARRAY OF FEMALE STARS IN GRAMMY NOMINATIONS
Adding up the numbers (11/8a)
Check It Out Now
SONG REVENUE: SEVERAL TYPES OF MONSTERS
Metaphorically speaking (11/7a)
Check It Out Now
OF PONIES, PRINCESSES AND UNICORNS: CHAPPELL'S SNL TRIUMPH AND BEYOND
Changing the pop narrative (11/5a)
Check It Out Now
NEW & DEVELOPING ARTISTS: Q4
Meet the class. (11/7a)
Check It Out Now
THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions