4 Stocks Seen Leading As Streaming Music Market Triples

Posted by Shoshanna Delventhal

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The streaming revolution has unleashed a wave of disruption across the global music industry. But stock investors could reap longterm gains by buying shares of four major players positioned to dramatically grow in size and reap rich profits. That will happen as the streaming market nearly triples in size to $45 billion over the next two decades, according to a report by Goldman Sachs. The big winners may include Vivendi, with a market value of $31 billion, Sony Corp. (SNE), at $64 billion, Spotify, at $29 billion, and Tencent Holdings, at $24 billion, as music listeners switch from free to paid services, Goldman says in a story by Business Insider outlined in the story below.

Analysts’ optimism stems from faster-than-expected adoption of paid streaming services like Spotify Technology SA (SPOT) and Apple Inc.’s (AAPL) Apple Music. Goldman now expects the recorded music space to grow more than previous forecasts, roughly two and a half times from the current size at $19 billion. Analysts attribute the upbeat outlook in part to positive revisions to profit forecasts for industry leaders such as Universal Media Group, Warner Music and Spotify….CLICK for complete article