News Formal

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

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

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 112. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Academy of Country Music Reveals Industry, Studio Recording Awards WinnersAmong this year’s winners are Jay Joyce, Justin Niebank, Ed Warm and Moody Center.
출처: billboard - 🏆 112. / 63 더 많은 것을 읽으십시오 »

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.
출처: billboard - 🏆 112. / 63 더 많은 것을 읽으십시오 »