Warner Music Group (WMG) lost $74 million during this year’s first three months (the company’s second fiscal quarter), due in part to issues stemming from the novel coronavirus crisis. But its streaming revenue experienced an […]
Tag: Warner Music
TuneIn’s Legal Battle With Sony Music, Warner Music Heading Toward Appeal
TuneIn announced that it has gotten approval to appeal last month’s decision in a U.K. court that found that it infringed on the copyrights of Sony Music Entertainment and Warner Music U.K. On November 1, […]
Tencent Music Officially Files for Its $25 Billion IPO – and Spotify, Warner Music, and Sony All Have Stakes
You might call Tencent Music Entertainment the ‘Spotify of China’. Just one big difference: Tencent is profitable. Tencent Music Entertainment has officially filed for an IPO in the U.S., a widely expected move. The Tuesday […]
Warner Music Dumped 75% of Their Spotify Shares – A $400 Million Payday
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 […]