Lisa Yang
Showing 1–4 of 4 transcripts.
- Goldman Sachs27 min
The music industry’s turning point
Goldman Sachs projects the global music industry will exceed $150 billion by 2030, driven by a resilient 8–10% annual growth rate fueled by streaming expansion, vinyl resurgence, and rising demand in non-English markets. The report identifies critical structural shifts including planned subscription price increases, the emergence of "superfan" monetization strategies, and ongoing debates over AI integration and royalty reforms to address revenue concentration among the top 5% of artists. While live events have fully recovered from pandemic losses and independent artists gain ground, the sector faces a turning point where major labels must leverage multimedia licensing and global regional trends to sustain growth despite increasing content volume and commercialization barriers.
- Goldman Sachs25 min
Europe’s Digital Economy: What’s Driving Europe’s Tech Acceleration
Lisa Yang, Alexander Duval, Alison Nathan
Driven by supportive policies and pandemic-induced acceleration, Europe's digital economy has doubled its number of tech unicorns and tripled venture capital funding to nearly $92 billion while legacy firms like L'Oréal and SAP pivot to Direct-to-Consumer strategies. Amidst a significant correction in public markets, investor focus has shifted toward profitability, yet private valuations remain robust for early-stage companies as the European Chips Act mobilizes €40 billion to address semiconductor bottlenecks. With geopolitical tensions reshaping supply chain priorities and niche sectors like online education showing low penetration, the region continues to leverage its global leadership in hardware and B2B verticals to capture substantial future growth.
- Goldman Sachs12 min
Europe’s Digital Economy at a Tipping Point
Goldman Sachs Research identifies four converging factors—accelerated consumer adoption, cloud and networking infrastructure evolution, loosening capital constraints, and strategic EU regulatory support—that are ending Europe's digital lag behind the US and Asia. Driven by the European Recovery and Resilience Facility and new legislation like the Digital Services Act, these structural shifts have quadrupled unicorn counts and doubled VC funding despite remaining below global averages. Consequently, the report highlights over 70 Stoxx Europe 600 companies across pure plays, enablers, and traditional sectors poised to capitalize on this $670 billion digital transformation push.
- Goldman Sachs10 min
The Music Industry’s Next Steps
The global recorded music market has accelerated to nearly 10% annual growth driven by a threefold increase in paid streaming subscribers to 340 million, even as the live music sector suffered a 75% contraction due to pandemic restrictions. In response to these disruptions, the industry has pivoted toward digital innovation, exemplified by high-profile virtual concerts like Travis Scott's Fortnite event, while labels increasingly support direct-to-consumer revenue streams. By 2030, expanding penetration rates and rising average revenue per user are projected to quadruple streaming revenues to $75 billion, pushing the total global music industry value toward $140 billion.