Lisa Yang: Last News

Jem Aswad Senior Music EditorEven as reports from Wall Street grow dark amid worries of a recession, Goldman Sachs predicts a booming decade for the music industry, with total music revenue to double to about $131 billion by 2030. The company’s annual “Music in the Air” forecast predicts that a combination of global streaming growth, emerging platforms like TikTok, the revival of the live music market and the ongoing strength of vinyl sales will drive the recorded music industry revenues to $52.3 billion by 2030, a $7.5 billion boost over last year’s prediction and more than double last year’s IFPI revenues of just under $26 billion.It is bullish on publishing as well, predicting that revenues will rise to $11.6 billion in 2030, up a cool billion from last year’s prediction for the year.

The New York Times, she dropped this gem: ‘You can think twinset, but you can’t wear one.’Like all useful statements about style, it will mean different things to different people. I think she’s saying, ‘You can channel the essence of what a twinset is, but don’t necessarily wear one’. This is pretty sound advice that can be applied to all kinds of items one feels one wants to wear, because one has seen someone iconic from another era wear it (in my case that’s nearly always Grace Kelly).

Jem Aswad Senior Music EditorVeteran agent and former WME head of music Marc Geiger says the live-music business will rebound in a big way once the coronavirus pandemic recedes.In a conversation with Goldman Sachs’ music specialist Lisa Yang at the International Festival Forum in London on Wednesday, Geiger said the “claustrophobia economy” of the pandemic will be replaced by “a second Roaring ‘20s, a hundred years later,” of economic growth, according to IQ.He was referencing the giddy economic boom of the 1920s that followed World War I and the influenza epidemic, which killed dozens of millions of people.