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Stock impact report

Music to Apple's and Spotify's Ears: Paid Streaming Expected to Skyrocket [The Motley Fool]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: The Motley Fool
Music to Apple's and Spotify's Ears: Paid Streaming Expected to Skyrocket There could be nearly 1.2 billion paid music-streaming subscriptions by 2030. After hitting a new milestone of 255 million paid subscriptions last year, the music industry is set to continue marching higher, fueled by the secular shift to streaming. Apple ( NASDAQ:AAPL ) and Spotify ( NYSE:SPOT ) have been driving that transition, as the two companies now command a combined paid subscriber base of over 150 million after Spotify hit 100 million paid subscribers in the first quarter. The total number of paid music-streaming subscriptions worldwide is now forecast to skyrocket to 1.15 billion by 2030. It's a good time to be a music streamer. Goldman Sachs has released fresh estimates on the music industry (via MusicBusinessWorldwide and Rolling Stone ), boosting its forecast of global revenue to $45 billion in 2030, up from a prior estimate of $44 billion. For reference, the global recorded music industry brou Show less Read more
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