If you want to get an idea of just how lucrative streaming platforms have become for the major labels today, check this out. Earlier this week, MBW analyzed two sets of very important financial results: Sony Music Entertainment and Universal Music Group. We converted...
Sony Music sold approximately 50% of its shares in Spotify during the streaming company’s first month on the New York Stock Exchange, MBW has learned – generating in the region of $750m as a result. The major record company owned 5.7% of Spotify’s stock – a total...
Rob Stringer will be a popular man in Tokyo right now. Sony Music’s parent, Sony Corp, confirmed yesterday that its subsidiary sold 17.2% of its Spotify stake on Tuesday (April 3) – the streamer’s first day on the New York Stock Exchange. A quick run through the...
Gareth Emery March 16, 2018 In a Friday investor presentation, Spotify executive Troy Carter declared that “most of the artists’ reservations [about Spotify] have been addressed.” CEO Daniel Ek pointed to a thriving marketplace between artists and fans. But is any of...
By Cherie Hu | March 19, 2018 1:34 PM EDT Spotify is displayed on the screen of an iPhone on Jan. 6, 2017 in Paris. Chesnot/Getty Images 0 in 0 0 Comments 0 During its first investor day on Thursday (Mar. 15), Spotify not only announced that its shares would...
Lil Pump is among a handful of young rappers earning big paydays as the record industry’s revenue surges. But there are still lots of musicians waiting to get paid. By Victor Luckerson Mar 16, 2018, 6:20am EDT SHARE Getty Images/Ringer illustration In August 2001,...
