VNUE Inc (VNUE)

[Dancer2]

“In May 2020, Goldman Sachs actually upgraded by 25% their previous projections of an imminent music boom. They now believe that the three core sectors (live, recordings and publishing) will double in size to $131 billion by 2030. We’d be wise to take the exactness of these numbers with a pinch of salt, but the upward trends are irreversible. The year even ended with the UK parliament conducting inquiries into the inner workings of the digital music economy. Public anger at tech greed is organising, and it’s now only a matter of time before the same scrutiny is widened to collection societies and publishers.

All these patterns bode well for musicians, songwriters, producers, managers, publicists, promoters and stage crews. What it means in real terms is that, despite venues and festivals being locked down, royalty streams are still rising, audience sizes have continued growing, labels are still releasing new material, and public opinion is consolidating favourably. Given the thousands of artists now chomping at the bit to get back on the road, given the millions of people suffering from chronic cabin fever, we can be confident that once vaccines are rolled out, the world is going to dance and sing on a scale not seen since 1945.”

https://journalofmusic.com/focus/2021-music-boom-coming