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The Music Global Industry ETF & the Battle to Reform Concert Tickets
SpotifySpotify(US:SPOT) Youtubeยท2025-09-21 15:01

Industry Overview - The music industry has shown significant growth, with a 26.5% increase in the music global industry ETF this year, outperforming major indices [13][15] - Global music revenues are projected to reach $200 billion by 2035, with paid streaming subscribers expected to double from 800 million to 1.6 billion [16] Ticketing Concerns - Ticketmaster and Live Nation face allegations of unfair practices, with the FTC suing Ticketmaster for violations of the Bots Act, potentially leading to penalties of around $53,000 per infraction [5][6] - The issue of ticket affordability is highlighted, with examples such as Taylor Swift's tickets selling for $24 at face value but reaching up to $2,000 in the secondary market [4][10] Streaming and Content - Streaming services like Spotify are becoming increasingly prioritized as consumers seek affordable entertainment options, with Spotify's stock rising 100% over the last 12 months [15][21] - Music is considered undervalued and undermonetized, with a significant demand for streaming services, which are growing at rates of 10-15% in the U.S. and up to 50% in some markets [21][22] AI Impact - The music industry is currently facing challenges related to AI, with two bills in Congress addressing copyright issues and the use of AI to replicate artists' voices [25][26] - While AI poses some risks, it also presents opportunities for creating new music, with the potential for significant benefits if managed with consent and proper compensation [29][30]