National award-winning singer Sonu Nigam, who has a career spanning over two decades, says that with the kind of opportunities in the offing for young talent, the music industry is witnessing its "golden" period.

"Current time is the golden period for music. In today's time there is no monopoly of a music composer or a singer.

There is so much talent here that people have lots of options and if somebody doesn't succeed in this time, then it's his problem," Sonu told reporters at the launch of Bollyboom, a brand new Bollywood dance music property launched by Percept Live, Wednesday.

"It's a very good time as people are open to new voices, new kinds of music and that's how an ideal world should be," he added.

Sonu has collaborated with composer duo Salim-Suleiman and singer Talat Aziz for Bollyboom.