Latest music industry growth report from Goldman Sachs. An interesting read.
Predicting $163.7 billion revenue generated by the global music industry in 2030 , a compounded growth rate of 7.6% from 2023 ($98.3 billion)
A couple of interesting opportunities for Vinyl Group I picked up:
- Introduction of 'super premium plans catering to superfans'
- Development of a framework and monetisation avenue for the use of music content by Generative AI
- Predicted 70% growth of streaming platform subscribers from emerging markets
Link:
https://www.goldmansachs.com/intelligence/pages/gs-research/music-in-the-air-focus-on-monetisation-emerging-markets-and-ai/report.pdf
g o l d m a n s a c h s . c o m
Vinyl Group growth, page-81
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