Goldman now believes that annual global trade revenues washing into the recorded music industry (labels, distributors, and artists) are going to grow to USD $53.2 billion by 2030. That’s up by $7.5 billionon Goldman’s prior most recent projection ($45.7bn). It’s also more than double the size of worldwide record biz revenues last year ($25.9bn) as counted by the IFPI.
Source: Goldman Sachs: The global music industry is going to be worth even MORE than we thought