Goldman Sachs predicts the Music Business will grow to epic proportions
Despite war, rising gas prices, sagging economies, supply chain issues and everything else that has consumers feeling pinched, global investment bank Goldman Sachs predicts good times ahead for the music business. Not. Continue reading
Revenue Per User To Fall 25% Even As Streaming Grows In Popularity says Goldman Sachs Study
The global recorded music business brought in $19.1 billion in revenue in 2018, according the IFPI. By 2030, that number will grow to $45 billion, with streaming expected to represent. Continue reading
Spotify Stock Rising Ahead Of Today’s Earnings Report
Spotify [NYSE: SPOT] climbed all day ahead of a today’s earnings report. The stock was up 4% to $170.50, as of 2:45 ET. This, the streamer’s first report since going. Continue reading
Spotify [NYSE:SPOT] Earnings Report Today: What To Expect
Wall Street analysts are bullish, as Spotify nears its first earnings report as a public company, after the market closes today. Goldman Sachs, JPMorgan, Evercore and Morgan Stanley predict a. Continue reading
Tencent Plans $4B US IPO That Also Benefits Spotify
Tencent Music, China’s largest music streamer, has reportedly invited investment bankers to pitch how they can guide the company through a U.S. IPO valued as high as $4 billion later. Continue reading
To Survive, Spotify Must Follow Apple’s Example
In the final lap of its race to go public, Spotify plans to hit the NYSE by year's end, but a number of uncertainties about the company's future remain, with. Continue reading
Spotify Finalizes Deal With Warner Music Group Clearing Path To Stock Exchange Listing
Spotify has closed its third and final major label deal, signing a new multi-year global pact with Warner Music Group. Sony, Universal and Merlin had previously announced new deals with. Continue reading
REWIND: The New Music Industry’s Week In Review
In this rewind back through seven busy days of music industry news, we revisit a major scandal at the copyright office regarding a 'fake budget' line item, the major sales. Continue reading
