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Future Music Streaming and Concert Growth
June 6, 2014
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According to Pricewaterhousecooper's 2014-2018 Global Entertainment and Media Outlook, streaming and live music will be the biggest source of driving income for the music industry over the next 5 years. According to the forecast, "streaming will account for 37% of total digital recorded music revenues" and live music "ticket sales are forecast to grow at a slower rate (3.7% CAGR), into a larger pie ($8.3-billion in 2018)." Read an analysis here, and check out the whole PWC report here.
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