Daniel Ek also signals a shift to "becoming more efficient" following a period of heavy investment.
Tokimonsta, Richie Hawtin, Nicole Moudaber and more share advice on how DJs who don't make the highest-paid list can best manage their earnings (which aren't as high as you think).
The company's modest gains outperformed competitors and major indexes.
The assets, which could be worth more than $1 billion, include music and production music from the company's TV and film projects.
Even as business boomed amid global streaming growth and the widespread return of live shows, the value of 20 companies on the Billboard Global Music Index fell 36.4% last year.
LiveOne shareholders as of Jan. 16 will receive PodcastOne stock in a special dividend.
In a year without major IPOs, the majority of the most valuable music business deals involved catalog acquisitions in one way or another.
At an investor presentation in London, founder Merck Mercuriadis said the company’s current share price “fundamentally undervalues the company.”
The live music business will be separate from MSG Networks, MSG Sphere and Tao Group Hospitality.
The bond is backed by more than 1 million music assets, including such artists as Genesis, Phil Collins and R.E.M.
