Music Industry On ‘Cusp’ of Sweeping Changes as Revenue Growth Slows, Says Goldman Sachs

📆 29/06/2023 03.54.00
📰 billboard

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The closely watched Music In The Air report says there’s been a 20%-decline in revenue earned per audio stream in the last five years.

, Goldman’s researchers say monetization of music content is way behind the rate of consumption. They estimate that the revenue earned per audio stream has fallen 20% over the past five years, and that the revenue companies earn per hour of music streamed on Spotify is four times lower than for Netflix.

Researchers also sounded a positive note on the potential for generative AI to lower barriers for artists, boost music creation capabilities and improve industry productivity overall, with the major music companies best positioned to benefit.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Academy of Country Music Reveals Industry, Studio Recording Awards WinnersAmong this year’s winners are Jay Joyce, Justin Niebank, Ed Warm and Moody Center.
Sumber: billboard - 🏆 112. / 63 Baca lebih lajut »

Adele’s Agent Lucy Dickins to Receive U.K.’s Music Industry Trusts AwardWME’s global head of contemporary music and touring will take home the same award that her uncle, Rob Dickins, received 20 years ago.
Sumber: billboard - 🏆 112. / 63 Baca lebih lajut »