What's The Future Of The Music Industry? | MUSIK !D TV NEWS
The Golden Sachs examiner, Lisa Yang, figures that streaming that streaming will hold for $34 billion of total revenue. The breakdown is $28 billion is from paid subscription and $6 billon from ad-supported streaming services. Yang believes that $4 billion will develop from performance rights, $500 million will be synchronization, $700 million will be physical and downloads. The Universal Music Group & Sony Music Entertainment both not filed in the stock market, but the shares (Vivendi & Sony. Corp.) are publicly traded.
What do you guys think? Can music companies handle the streaming takeover? Let us know in the comment section down below.
