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Goldman Sachs says 1.15bn people will pay for music streaming by 2030, as it ups industry forecast

June 05, 2019

The investment bank’s ‘Music In The Air’ dossier, from August 2017, forecast a booming future for record labels, and set in motion a series of escalating valuations for Universal Music Group which have since hit $50bn (in the case of JP Morgan). In that report, Goldman forecast that trade revenues from paid streaming would reach $28bn by the year 2030, with the overall recorded music industry pulling in a whopping $41bn in the same 12 months.

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Music Industry, On-Demand Streaming, Streaming Subscriptions, Technology

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