You might assume Goldman’s 2020 forecast reduction is simply due to the expected negative impact of COVID-19 on record business income streams like licensing, physical sales and streaming ad revenues, and it’s true that the pandemic certainly plays a role in the calculation.“For recorded music, we forecast c.3% growth in 2020, marking the first year of meaningful slowdown since the market returned to growth in 2015, as we expect the growth in streaming will be offset by weaker physical and licensing revenue.”Lisa Yang and co. write: “For recorded music, we forecast c.3% growth in 2020, marking the first year of meaningful slowdown since the market returned to growth in 2015, as we expect the growth in streaming will be offset by weaker physical and licensing revenue.”Yet Goldman has also wiped $2.2bn, specifically, off its forecast for the amount of money consumers will spend on paid streaming in 2020 – down from a prior prediction of $20.5bn to $18.3bn.So, Goldman has moved its prediction for streaming revenues down by over two billion dollars for 2020. Our Firm . “Global music revenue will drop by 25% in 2020 on our estimates, largely due to the widespread disruption to live events,” it claimed in a report, albeit while adding that “we expect a strong rebound in 2021” and further growth in the years after that.To be clear: that 25% drop is for all forms of music revenue, live included. Nevertheless, the report also signaled confidence in music’s ability to recover and continue growing in 2021 and beyond. We want to hear from you! This report will be able to help share prices move higher, if these key figures are better than expectations. Goldman Sachs shows how. But what about its forecast for the This obviously suggests that, in Goldman’s mind, COVID-19 won’t materially reduce the projected number of streaming music subscribers, globally, this year. We don't send rubbish and they help us continue to exist.

In a prior Yang emphasized the music industry’s post-2015 annual revenue growth, and the integral role streaming played in elevating the sums. “Global music revenue will drop by 25% in 2020 on our estimates, largely due to the widespread disruption to live events,” it claimed in a report, albeit while adding that “we expect a strong rebound in 2021” and further growth in the years after that. Coachella Valley Music and Arts Festival, spring 2019. Streaming will save it. A distant shot of the Goldman Sachs Tower in Jersey City, New Jersey.As expected, 2020’s substantially lessened concert and live performance income played the biggest part in the predicted revenue drop-off; Goldman reduced its pre-pandemic earnings estimates for live music by more than 75 percent. 20 Mar 2020 2019 Annual Report. But Goldman is optimistic about a relatively quick recovery, expecting the live sector in particular to make a comeback in 2021 after a loosening of government restrictions on mass gatherings allows concerts to return. Goldman Sachs Reports 2020 First Quarter Earnings Per Common Share of $3.11. 13 MAY 2020 The Daily Check-In Measuring the Reopening of America: The GS US Reopening Scale. $4.33 per month), down from the firm’s prior projection of $57.50 ($4.79 per month).Partly as a result of this change, Goldman Sachs now believes the average music streaming subscriber worldwide in 2020 will pay over $10 less per year than it did previously – down from $56.60 ($4.72 per month) to $46.00 ($3.83 per month).Goldman has essentially re-aligned its projections for the future of paid streaming in light of what actually happened in 2019, which obviously seems eminently sensible.It does, however, mean that Goldman’s projected paid music streaming ARPU for a decade’s time – in 2030 – also falls, to $44 per year (i.e. Goldman Sachs made its prediction last week, and it’s a sobering one. Updated : 2020-08-24 13:22. The Goldman Sachs earnings report is expected to be released on Wednesday, July 15, 2020. “Global music revenue will drop by 25% in 2020 on our estimates, largely due to the widespread disruption to live events,” it claimed in a report, albeit while adding that “we expect a strong rebound in 2021” and further growth in the years after that.
The increasing popularity of connected, streaming-capable devices like smart speakers, and the entry of new industry players such as TikTok, caused Yang to double down on her long-term earnings projection.While music streaming services’ Q2 2020 earnings reports and subscriber counts will be telling, results through this year’s first three months were generally encouraging.

“While user time spent may shift away from music streaming to other forms of entertainment in the short term, overall we believe the industry’s long-term growth outlook is intact, driven by the secular growth of paid streaming, growing demand for music content and live events, new licensing opportunities, e.g. The Way Forward: Five Topics, Five Days, One Goldman Sachs. A new report forecasts that the music industry will see a 75% plunge in live music revenue in 2020, due to COVID-19. Citizenship . Goldman Sachs shows how. With Spotify accounting for a third of them.Make a note in your calendars to check back on this in 2030, not that anyone ever really checks back on decade-ago analyst predictions.

Heath Terry, Goldman Sachs Research’s business unit leader for the Technology, Media and Telecom Group, discusses his team’s new report “U.S. Goldman Sachs shares rise as earnings blow past the Street on the best trading results in years Published Wed, Jul 15 2020 7:07 AM EDT Updated Wed, Jul 15 2020 … Insights . Nobody can know exactly what the overall financial impact of Covid-19 will be on the music industry in 2020, but that isn’t stopping analysts from guessing.


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