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,...
With its direct listing on the New York Stock Exchange, can Spotify finally prove that streaming music is profitable? Or will it meet a Pandora Radio-like fate? So, when exactly will Spotify debut on the New York Stock Exchange? March? April? May? Sometime this...
