The audio entertainment giant's merger with parent company Liberty Media's tracking stock in September triggered a $3.36 billion write-down of certain assets.
Ayra Starr, Elyanna, TINI and a puppet rock band joined Coldplay at Brooklyn's Music Hall of Williamsburg.
The rights organization says the satellite radio giant must pay more, partly because of a shift in its business model toward more digital streaming.
The merger and reverse stock split simplified the audio entertainment giant's financial structure, executives said.
The move beefs up the satellite radio giant's podcast business, which also has deals with Conan O'Brien's Team Coco and SmartLess Media.
The Billboard Global Music Index fell 1.1% to 1,739.18, bringing its year-to-date gain to 13.4%, amid overall sharp declines in U.S. stock markets.
The decrease, though better than the same quarter last year, contributed to an overall 3% decline in the company's quarterly revenues.
A group of angry consumers say the satellite radio giant has been quietly adding a misleading “U.S. Music Royalty Fee” that jacks up prices above what's actually advertised.
The Billboard Global Music Index fell 0.3% to 1,814.88, bringing its year-to-date gain to 18.3%.
The 1-for-10 stock split reduces the number of shares in hopes of boosting the company's stock when it merges with Liberty Media's tracking stock later this year.
