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On streaming, the analysts see continued price hikes coming from streaming services as their subscription fees have remained relatively stagnant despite the services becoming more popular. "We believe the music industry is on the cusp of another major structural change given the persistent under-monetisation of music content, outdated streaming royalty payout structures and the deployment of Generative AI," said a team of analysts led by Lisa Yang in a June 28 note to clients. The business side of the music industry is constantly evolving, especially as technology develops.īut as artificial intelligence comes onto the scene and streaming models come under pressure, the industry is at an inflection point, according to Goldman Sachs. AI will also help artists create music at higher speeds and lower costs, the bank said.The bank said they expect streaming services to continually raise their subscription prices.Favorable demographic trends and technology will fuel growth in the music industry: Goldman Sachs.Account icon An icon in the shape of a person's head and shoulders.
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