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Music Industry: Difference between revisions
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* Expect consumer spend on music to remain resilient in a higher inflation/ weaker macro environment. Our analysis shows that music remains one of the most undermonetised forms of entertainment, with spending still 40% below its historical peak | * Expect consumer spend on music to remain resilient in a higher inflation/ weaker macro environment. Our analysis shows that music remains one of the most undermonetised forms of entertainment, with spending still 40% below its historical peak | ||
'''Streaming''' | |||
* Forecast 2021-2030E streaming revenue CAGR of +12% (from +11% prior), with volumes remaining the primary driver. | * Forecast 2021-2030E streaming revenue CAGR of +12% (from +11% prior), with volumes remaining the primary driver. | ||
* In 2023, forecast+13% streaming revenue growth (from +15% previously) as we incorporate the impact of a weaker macro and lower revenues from Russia | * In 2023, forecast+13% streaming revenue growth (from +15% previously) as we incorporate the impact of a weaker macro and lower revenues from Russia | ||