Universal Music Valued at $23.5B, Huge Industry Growth Predicted


The company predicts that worldwide revenues from streaming will reach a whopping $28 billion by 2030, a 16% jump from its previous estimates, in its just-released latest installment in its “Music in the Air” series. It also predicts paid streaming users worldwide to reach 847 million by 2030. Consequently, the company raised its valuation of UMG to $23.5 billion (from around $20.1 billion), a 16% jump, and Sony’s up 12% to around $20.1 billion. read more at variety.com

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