News Formal

High-upside music industry stocks to buy amid AI, monetization: GS

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

It's getting harder to make money in the music industry, and AI will change the game. But Goldman Sachs says these 5 stocks — including 2 with at least 40% upside — will still surge as the sector gets upended.

The bank said they expect streaming services to continually raise their subscription prices.The business side of the music industry is constantly evolving, especially as technology develops.

On streaming, the analysts see continued price hikes coming from streaming services as their subscription fees have remained relatively stagnant despite the services becoming more popular. As for AI, the analysts see a upside potential in terms of productivity when it comes to songwriting, song creation, licensing of AI-generated voices, and AI-generated videos content.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

20 stocks set to profit as AI brings more upside: Goldman SachsGoldman Sachs: These are the 20 stocks building AI tech, using it to turbocharge their businesses, and reaping the rewards as the artificial intelligence boom pushes the S&P 500 higher
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman names under-the-radar global stocks to buy — and says one could soar 80%Goldman listed a raft of 'out-of-consensus buy ideas' in Europe and gives them all major upside potential.
Source: CNBC - 🏆 12. / 72 Read more »

Jefferies slashes earnings estimates for Goldman and Morgan Stanley ahead of earnings updates next weekJefferies analyst Daniel Fannon on Tuesday cut his earnings estimates for Goldman Sachs Group Inc. and Morgan Stanley ahead of second-quarter updates from...
Source: MarketWatch - 🏆 3. / 97 Read more »