Goldman Sachs Research

Music in the Air

08 SEP 2022

Goldman Sachs Research raises its global music industry revenue forecasts following the publication of the 2021 recorded music market figures from IFPI to reflect a more positive view on pricing and revenue from emerging platforms that more than offsets the near-term potential impact of the weaker macro environment. In this report, Goldman Sachs Research analysts also address the most recent commonly asked questions: (i) Has music streaming penetration peaked? (ii) How is music spend affected by a macro downturn? (iii) How to size the monetization opportunity from emerging platforms? and (iv) What is the outlook for catalogue spend?

Goldman Sachs Research

Music in the Air

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