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🌐 𝗗𝗮𝗶𝗹𝘆 𝗠𝗮𝗰𝗿𝗼 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 🌐 𝗧𝗵𝗲 𝗺𝘂𝘀𝗶𝗰 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗿𝗶𝘀𝗲𝘀 𝗮𝗴𝗮𝗶𝗻 🔹𝗦𝗪𝗜𝗙𝗧: The modern music industry has existed since the 1877 invention of the phonograph. But been forced to constantly reinvent itself, from the near death experience of digital piracy to the covid shutdown. The rise of streaming, the live music boom, and a concentration on mega acts has seen the industry again rise from the ashes. Posting revenues of $52 billion last year, evenly split between recorded and live music. This growth is broadening listed investment options, from labels to venues, and moving the macro data. Taylor Swift is now a billionaire, the best-selling artist in the world, and her 53 ‘Eras’ US tour dates added over $4 billion to GDP. Whilst Beyonce’s Renaissance tour even moved the inflation numbers from Sweden to the UK. 🔹𝗥𝗜𝗦𝗘: Streaming dominates the recorded music industry, after its near-death 2010’s experience. Sales rose a strong 9% last year, with North America dominating at 40% of global sales, followed by Japan and the UK. Live music sharply rebounded from the pandemic shutdown, soaring 85% last year, and driven by resilient Generation Z consumers increasingly focused on experiences and willing to stomach rising ticket prices. These rose average 26% the past three years, to $120, per Pollstar. Music is also developing other revenues from social media, gaming, health, Web3, and movies. Swift’s Eras movie saw $93 million sales its US opening weekend. 🔹𝗘𝗖𝗢𝗦𝗬𝗦𝗧𝗘𝗠: Streamers and venues led stock market performance, with radio broadcasters the recent laggards. But the listed music ecosystem is large and varied. From record labels like $UMG.NV (Universal Music Group N.V) and $WMG (Warner Music Group Corp), to ticketing and venues like $LYV (Live Nation Entertainment Inc) and $SPHR (Sphere Entertainment Co), that is hosting U2’s residency in Las Vegas. $SPOT (Spotify Technologies SA), $TME (Tencent Music Entertainment Group-ADR), and $AAPL (Apple) Music, to radio broadcasters like $SIRI (Sirius XM Holdings Inc) and $IHRT (iHeartMedia Inc), through to audio products like $SONO (Sonos Inc) and talent management like $EDR (Endeavor Group Holdings Inc) . ⚠️Please note, this is not investment advice⚠️ *Past performance is not indicative of future results.

6 Mentioned Show all

UMG.NV

Universal Music Group N.V

LYV

Live Nation Entertainment Inc

AAPL

Apple

SIRI

Sirius XM Holdings Inc

SONO

Sonos Inc

EDR

Endeavor Group Holdings Inc