Warner Music Group pulls a Sony and sells a huge chunk of Spotify shares. Warner Music Group Corp. (WMG) has announced that it has sold around 75% of its shares in Spotify.  The sell-off translates into […]
Corporate Corner
Sony Never Paid a Piece of Their Spotify Advances
It’s not that Sony wants to give you the money. It’s that they simply can’t afford not to. Once upon a time, Sony Music Entertainment charged their artists a fee for every CD sold. Why? Because Sony, along […]
Microsoft Acquiring Spotify In $41.8 Billion Cash, Equity Deal
Microsoft has now finalized a massive, $41.8 billion acquisition deal involving Spotify. The deal effectively cancels Spotify’s direct listing on the New York Stock Exchange. Microsoft Corporation, one of the largest and most powerful tech […]
Major Advertisers are Pulling their Facebook Campaigns – Including Mozilla & Sonos
Facebook’s privacy scandal is now affecting its advertising revenue. As of this morning, four major advertisers have suspended their campaigns. Others are threatening similar action. Mark Zuckerberg’s ‘apology tour’ seems to be having little impact […]
Spotify Officially Files for Its ‘IPO’ — And Exposes $1.5 Billion In Annual Losses In the Process
Spotify has just filed with the Securities & Exchange Commission (SEC) for its direct Wall Street listing. That is exposing more serious losses than previously thought. But also, a few optimistic signals. It’s another moment […]
Spotify Has Lost Nearly $1 Billion In the Past Two Years, Financials Show
Spotify’s Q3 2017 financials show the grim financial reality of streaming music platforms. With Spotify gearing up for its highly-anticipated direct listing on Wall Street this year, how has the company fared?  Not so well. […]
Pandora Hitting Hard Times: Laying Off Staff, Shifting Away from California
Pandora’s layoffs will save the company tens of millions of dollars annually. But that’s probably just the start. Pandora CEO Roger Lynch has now made it official. The company is laying off 5% of his […]
What Streaming Music Services Pay (Updated for 2018)
Find out what top streaming services — including Spotify, Apple Music, and Amazon Music — actually pay per play. Thanks to streaming music services, record labels reported record-breaking revenue last year.  In 2017, the ‘big three’ made […]