Goldman Sachs In The News

Hipgnosis Songs Fund’s like-for-like net revenues rose 10.9% in FY 2023, streaming revenues up 14.8% last year

Firm calls period its strongest FY performance since its IPO five years ago

On-demand audio streams grew 13.5% to reach 616.5bn in the US in H1… and 5 other key stats from Luminate’s midyear report

On-demand song streams (including audio and video streams) grew 15% YoY to 713.5bn in the US last year, while on-demand audio streams grew 13.5% to reach 616.5bn

Analysis

Peloton paid the record industry more than TikTok last year, says Goldman Sachs (and 3 more revelations from financial giant’s latest ‘Music In The Air’ paper)

MBW combs through the latest iteration of one of music's most influential financial reports

News

Firebird and D’Amelio family launch multi-million-dollar talent management venture (report)

Firebird was founded by former Ticketmaster exec Nathan Hubbard and ex-KKR partner Nat Zilkha

News

100+ CEOs and scientists, including ChatGPT boss Sam Altman, warn of ‘risk of extinction’ from future AI systems

AI experts issue statement warning about the potential dangers of advanced artificial intelligence

Interviews

TikTok is under fire from some of music’s most powerful players. Its global music boss says the future’s bright – and answers some tough questions.

Ole Obermann sits down with MBW to talk payouts, Resso, and that Australia experiment

News

Apple restricts employees from using ChatGPT (report)

Apple is concerned that employees using AI apps is a risk to data security, the WSJ reported

News

Believe: We’ll block 100% AI-created music from being uploaded to streaming services via TuneCore

The arrival of AI-generated music has triggered a number of concerns for the music industry