流媒体音乐长期抗宏观逆风韧性强:随着经济增长,边际上物质消费增长对于人类的多巴胺分泌逐渐衰减,我们发现无论是在发达国家日本这“失去的十年”还是美国这类经济上行的发达国家市场,流媒体音乐增速都会显著高于GDP 和社零增速。2021~2024 中国流媒体音乐行业收入CAGR 22%,大幅跑赢社零。流量侧,内容池拓展有望驱动音乐市场从存量博弈转向流量增长:1)此前,字节给予汽水、番茄畅听音乐流量入口,...
Source Link流媒体音乐长期抗宏观逆风韧性强:随着经济增长,边际上物质消费增长对于人类的多巴胺分泌逐渐衰减,我们发现无论是在发达国家日本这“失去的十年”还是美国这类经济上行的发达国家市场,流媒体音乐增速都会显著高于GDP 和社零增速。2021~2024 中国流媒体音乐行业收入CAGR 22%,大幅跑赢社零。流量侧,内容池拓展有望驱动音乐市场从存量博弈转向流量增长:1)此前,字节给予汽水、番茄畅听音乐流量入口,...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.