The company's shares dropped on major shareholder Pershing Square’s plan to sell 50 million shares, capping off a rough week for most music stocks.
Spotify’s latest Loud & Clear report underscored the point: In the digital era, where you live is a form of arbitrage.
The streaming service touted its ability to help artists from around the world earn income from music in its latest Loud & Clear report.
Also: Korean company Starship Entertainment brings its catalog to NetEase Cloud Music, Universal Music acquires Japanese management firm/label A-Sketch and more.
As mashups and sped-up/slowed-down remixes take over TikTok feeds, new apps are rising to help everyone participate in the trend. One obstacle remains: fractional licensing.
Billboard rounded up all the African artists who've had songs hit one billion Spotify streams.
“It just seems like daylight robbery” T
Also, Live Nation shares gained 3.7% and reached an all-time high ahead of next week’s fourth-quarter earnings results.
Led by Spotify’s 13.6% increase, the Billboard Global Music Index improved 7.7% to a record 2,635.41.
Spotify CEO Daniel Ek is currently “playing around” with an unreleased, secretive superfan product that should be a win for platforms, rights holders and subscribers.
