Spotify makes a lot of money, loses a lot of money simultaneously
While the popularity of streaming apps like Spotify might cause consumers to assume they’re rolling in dough, this is only partially true, the company is also hemorrhaging money, as it. Continue reading
Deezer Offers 99¢ For 3 Months Streaming, Users Pass 14M
Deezer is offering its Premium+ streaming music service to U.S. users for three months for $.99. Not well known in the States, Deezer is a top tier competitor to Spotify. Continue reading
WMG Sells $400M Spotify Shares, No Profits For Some Labels
Warner Music Group revealed in an earnings call today that it recently sold 75 % of its shares in Spotify, netting $400 million. The transaction happened after the end of. Continue reading
UPDATE: Spotify [NYSE:SPOT] Ends Day Down 5.66%
UPDATED: Spotify stock began trading Thursday at $151.43, 11% lower than its $170 Wednesday close, after the streamer missed revenue estimates Wall Street analysts. The stock ended trading on Thursday. Continue reading
Do Spotify’s Investors Lack Confidence In The Platform? [Bobby Owsinski]
Spring is in the air, and Spotify is headed for a direct listing on the NY Stock Exchange on April 3rd. Unfortunately for the streaming platform and its IPO, investors. Continue reading
BMI Annual Royalty Distributions Top $1 Billion For First Time
BMI has distributed more than $1 billion to its songwriter, composers and publishers for the first time. Fiscal year 2017 marks the third consecutive year of record royalty growth for. Continue reading
To Survive, Spotify Must Follow Apple’s Example
In the final lap of its race to go public, Spotify plans to hit the NYSE by year's end, but a number of uncertainties about the company's future remain, with. Continue reading
