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

0

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

Follow @HookBlast on Twitter for the best curated music industry news feed on the web.

See vetted & verified music industry opportunities for bands, songwriters, & musicians.

Share.

Comments are closed.