It's getting harder to make money in the music industry, and AI will change the game. But Goldman Sachs says these 5 stocks — including 2 with at least 40% upside — will still surge as the sector gets upended.

It’s getting harder to make money in the music industry, and AI will change the game. But Goldman Sachs says these 5 stocks — including 2 with at least 40% upside — will still surge as the sector gets upended.

July 12, 2023

in Stocks

Reading Time: 2 mins read

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Favorable demographic trends and technology will fuel growth in the music industry: Goldman Sachs
The bank said they expect streaming services to continually raise their subscription prices.
AI will also help artists create music at higher speeds and lower costs, the bank said.

The business side of the music industry is constantly evolving, especially as technology develops.

But as artificial intelligence comes onto the scene and streaming models come under pressure, the industry is at an inflection point, according to Goldman Sachs.