But what about its forecast for the This obviously suggests that, in Goldman’s mind, COVID-19 won’t materially reduce the projected number of streaming music subscribers, globally, this year.
$3.67 per month), reflecting, says the company, “greater dilution from [emerging markets], family plans and bundles”.How concerned record labels and artists are about this forecast ARPU decline will rather depend how they also feel about the more positive predictions contained within Goldman Sachs’ updated new paper.Despite the paring down of its 2020 predictions for recorded music revenues, Goldman Sachs now forecasts that 2030 will generate very close to the same amount of money for the music business that it previously suggested.That’s largely because of a much rosier outlook for ad-funded streaming which, Goldman says, will generate $23.3bn in 2030, up by a substantial $3.6bn on the investment bank’s prior 2030 forecast.Despite the current pandemic, Goldman also thinks ad-funded music streaming revenues will grow by $900m in 2020, from $6.1bn to $7.0bn â not far off the $1.1bn growth the category saw in 2019.The firm says overall (net/wholesale) industry revenues will hit $44.6bn in 2030, a slight decrease (-$200m) on its prior forecast.And yet, as previously mentioned, Goldman now believes that there will be more paying music subscribers by 2030 (1.22bn) than it did before (1.15bn).There’s loads of other interesting research and predictions in the newly-updated, 80-page That’s because, says Goldman, “[we] expect music publishing will be slightly more resilient given its diversified revenue streams and lag in revenue recognition”.As for live music, as you’d no doubt expect, 2020 is looking like something of a write-off, with Goldman suggesting that total global live revenues (across ticketing and sponsorship) will tumble to just $7bn in 2020, down from its pre-COVID forecast of $28.8bn.However, Goldman is also forecasting that the live industry will rebound to $29.1bn global annual revenues in 2023, and is sticking to an unchanged prediction that this number will rise again to $38.7bn in 2030.One more game-changing forecast to leave you with: 12% of the global music industry’s 341m paying streaming subscribers in 2019 were based in China, says Goldman (citing IFPI data), while double that share (24%) were based in the US.Goldman Sachs now predicts that, by 2030, China will claim the biggest share of the world’s music streaming subscribers, with 20% of those 1.22bn subs, while the United States will sit in second place, on 13%.The best of MBW, plus the most important music biz stories on the web. δολάÏια. $4.33 per month), down from the firm’s prior projection of $57.50 ($4.79 per month).Partly as a result of this change, Goldman Sachs now believes the average music streaming subscriber worldwide in 2020 will pay over $10 less per year than it did previously â down from $56.60 ($4.72 per month) to $46.00 ($3.83 per month).Goldman has essentially re-aligned its projections for the future of paid streaming in light of what actually happened in 2019, which obviously seems eminently sensible.It does, however, mean that Goldman’s projected paid music streaming ARPU for a decade’s time â in 2030 â also falls, to $44 per year (i.e. We don't send rubbish and they help us continue to exist. Goldman Sachs is warning Wall Street that the … 14 JUL 2020 . Goldman Sachs won't take companies public anymore unless they have at least one "diverse" board member, the bank's CEO David Solomon said Thursday. αγοÏά streaming θα αγγίξει Ïα 75 διÏ. )So if that’s the case, why does Goldman Sachs thinks paid streaming Part of the answer to that question lies in 2019, when the global recorded music industry’s paid-for streaming revenues (on a retail basis) were $15.5bn â some $1.3bn smaller than Goldman’s prior prediction.But another, very significant part of the same answer points to MBW’s topic MBW has written twice about ARPU in recent weeks: once when We also noted, following the publication of the IFPI’s latest Global Music Report, that theEssentially, because this 2019 ARPU figure was significantly lower than that expected by Goldman Sachs, its analysts have now adjusted their own ARPU predictions (which cover gross/retail revenues, rather than IFPI’s industry net/wholesale revenues) accordingly.In 2019, says Goldman, global paid streaming ARPU levelled out at $51.90 on an annual retail basis (i.e. Surging recession fears. And a sudden spotlight on America's health care system. With a sub-head of The Show Must Go On, Goldman’s Music In The Air now forecasts that total global record industry net/wholesale revenues will reach $20.8bn this year.. That’s up by 3%, or $600m, on the $20.2bn wholesale figure the record industry generated in 2019 (source: IFPI). A market meltdown. Ωστόσο η Goldman Sachs εκτιμά ότι ο κλάδος θα σημειώσει ισχυρή ανάκαμψη το 2021 και θα εμφανίσει κατά μέσο όρο ετήσια αύξηση εσόδων 6% για να φτάσει στα 142 δισ.
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