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Global digital entertainment and music market growth
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2026-10-16 20:51 UTC → 2026-10-20 12:22 UTC ·
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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. This In its tenth annual ‘Music in the Air’ report, Goldman Sachs predicts this expansion is largely attributed will represent a compound annual growth rate of roughly 5.8% to emerging markets in China, India, and Latin America, which are expected 5.9%. Recorded music revenue is specifically projected to contribute over 500 reach $56.1 billion by 2035, driven by streaming—which recently saw 73 million new paying streaming subscribers. While revenue per listener subscribers primarily from emerging markets—and a 13.7% increase in these regions vinyl sales. While the outlook remains lower than in Western markets, companies bullish, Goldman Sachs maintains a selective stance on music rights owners like Tencent record labels and publishers, favoring distributors and live entertainment businesses instead. This caution regarding labels aligns with leadership changes at Universal Music have shown significant increases in paying subscriber ratios. The industry may further capitalize on ad-light subscription tiers Group, where heads of Def Jam, Polydor UK, Republic Records, and the integration Interscope Geffen A&M recently departed as part of artificial intelligence. a €250 million annual cost-cutting program.
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- 2026-10-20 12:22 UTC Global digital entertainment and music market growth
- 2026-10-16 20:51 UTC Global digital entertainment and music market growth
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