The music industry loves Goldman Sachs’ predictions for its future revenues: the kind of big numbers that get investors salivating.
Tag: Goldman Sachs
Posted inNews
Goldman Sachs ups its forecasts for music streaming (and UMG)
Financial giant Goldman Sachs’ bullish music industry forecasts have sparked questions in the past about potential conflicts of interest in its work for and/or ownership of shares in companies including Vivendi and Spotify.
It’s useful to bear in mind whenever reading breathless headlines about its latest predictions. At the same time, these figures and the reports that they come from are influential in investment circles, including fuelling the ongoing wave of finance for acquisitions of music catalogues and companies alike.
With that in mind: stonks! Goldman Sachs’ latest report ups some of its already famously-big numbers. It values Universal Music Group at €44bn (around $53bn), for example, compared to €30bn in its previous report last year. The increase will certainly be welcome to UMG as it prepares to go public later this year.
Posted inNews
Goldman Sachs predicts $41bn recorded-music industry by 2030
At our NY:LON Connect conference in January this year, Dot Blockchain boss Benji Rogers caused a stir by making the confident prediction that “we’ll be at $100bn a year as an industry in two years” – albeit with the caveat that “it’s going to be really painful to get there”.
It’s fair to say that Goldman Sachs’ latest industry forecasts are more conservative.
The company is predicting a global recorded-music market of $41bn by 2030, with $34bn of that generated by streaming; $4bn from performance rights; $700m from physical and download sales; $500m from sync; and $1.2bn from other sources.
Posted inNews
Spotify tipped for monster $500m funding round
With Spotify having raised $100m in 2012, then $250m in 2013, an IPO has been widely expected as the streaming service’s next step. The company may be buying itself more […]
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Vevo eyeing more partners for sale or investment
The headline of Bloomberg’s report on Vevo possibly hiring Goldman Sachs suggests it’s exploring a “sale”, while the quotes from CEO Rio Caraeff suggest more of a traditional investment for […]
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Coca-Cola tipped as new investor in Spotify
The buzz on the blogs and financial sites overnight is that Spotify has closed its long-awaited $100m funding round, which would value the company at $3bn.
Posted inData, News
Apple’s iCloud now has 100m users
Apple CEO Tim Cook made a keynote speech at a conference organised by Goldman Sachs yesterday – a rare appearance by an Apple exec at another company’s event.
Posted inNews
Apple’s iCloud now has 100m users
Apple CEO Tim Cook made a keynote speech at a conference organised by Goldman Sachs yesterday – a rare appearance by an Apple exec at another company’s event.
Posted inNews
Reports suggest partial selloff for Warner Music Group
This has come out of the blue, but reports in the Financial Times and New York Times both suggest that Warner Music Group may be considering selling part or all of its business.