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[SITUATION] · [QUIET] · [BUSINESS]

3 clusters · 6 sources · 25 days · First seen · Last updated

Global digital entertainment and music market growth

Overview

The global digital entertainment and music sectors are projected to experience significant growth over the next decade. The online entertainment industry, fueled by technological innovations like mixed reality glasses and smart devices, is expected to rise from a 2025 turnover of 111.3 billion dollars to an estimated 340.83 billion dollars by 2034.

Within this landscape, the music industry specifically is forecasted by Goldman Sachs to grow from 112.5 billion dollars in 2025 to 198.1 billion dollars by 2035. In its tenth annual ‘Music in the Air’ report, Goldman Sachs predicts this expansion will represent a compound annual growth rate of roughly 5.8% to 5.9%. Recorded music revenue is specifically projected to reach $56.1 billion by 2035, driven by streaming—which recently saw 73 million new subscribers primarily from emerging markets—and a 13.7% increase in vinyl sales.

While the outlook remains bullish, Goldman Sachs maintains a selective stance on music rights owners like record labels and publishers, favoring distributors and live entertainment businesses instead. This caution regarding labels aligns with leadership changes at Universal Music Group, where heads of Def Jam, Polydor UK, Republic Records, and Interscope Geffen A&M recently departed as part of a €250 million annual cost-cutting program.

Entities

Goldman Sachs · China · Republic Records · Polydor UK · Soda Music

Timeline

  1. [BUSINESS] 2 sources
    Goldman Sachs forecasts music industry growth to $198 billion by 2035

    Goldman Sachs predicts the music industry will reach $198.1 billion by 2035, driven by streaming and live events, while expressing a more selective outlook on music rights owners.

  2. [BUSINESS] 2 sources
    Goldman Sachs predicts $198.1bn global music industry by 2035

    Goldman Sachs predicts the global music industry will reach $198.1 billion by 2035, driven by 500 million new subscribers from emerging markets like China, India, and Latin America.

  3. [TECHNOLOGY] 2 sources
    Online entertainment industry projected to reach 340 billion dollars by 2034

    The global online entertainment market is projected to grow from 111.3 billion dollars in 2025 to over 340 billion dollars by 2034, driven by smart device adoption and technological innovation.

Sources

lanacionweb.com · musically.com · sportsvibe.co.uk · wincor-nixdorf.com · worldmusicviews.com · youbeat.it

This summary has been updated 1 time: see revision history