# mySongbird is in the $31 Billion concert streaming sector | mySongbird

- Canonical URL: https://wefunder.com/feed/142730
- Entity ID: wefunder:feed_item:142730
- Published at: 2021-03-22 22:45:05 UTC
- Updated at: 2025-07-09 03:19:50 UTC

## Author
Gene Massey

## Subject
mySongbird

## Content
Quote from an 8/31/20 article in BillBoard magazine:Former senior Sony Music executive Thomas Hesse, the CEO of Dreamstage, which debuted in August, thinks that concert live streaming will become a $6 billion industry within the next three years. "It’s a new market," he says, "but it’s an attractive market, and it’s here to stay." Pandora co-founder Tim Westergren has a slightly higher prediction, estimating the current value of the business at around $1 billion, with the potential to grow to the "tens of billions" within three years. He predicts that it will do to touring what ride-sharing did to the taxi industry: make the good both ubiquitous and widely accessible. "Taxis were limited in New York by medallions and artificial constraints," he says. "You put in ride-hailing, and it shows [that] actually, a lot more people want to ride. Now everybody’s riding." Eventually, he thinks the value of the live streaming business will grow to five or even 10 times that of touring, which, pre-pandemic, had been projected to reach $31 billion in total revenue sales by 2023.