Thursday, February 6, 2025

Thursday, February 6, 2025

Daniel Ek cashed out another $37.3m in Spotify shares as stock hit new high
Spotify’s stock surged to a new all-time high of $626 this week, boosting the company's market cap to $125.71 billion Source...

Confirmed: Warner buys majority stake in Tempo (just as MBW told you it would).
Warner Music Group has today (February 6) confirmed that it has acquired a controlling stake in Tempo Music Investments aka Tempo Music. Tempo’s previous owner, Providence Equity Partners, holds on ...

Following app debacle, Sonos slashes 12% of workforce amid takeover talks
The company has laid off 200 people ahead of the release of its fiscal Q1 results Source...

Warner Music Group and Spotify ink new deal – overriding controversial CRB ‘bundling’ payment structure in the US
Deal covers 'artist-centric' elements and includes direct agreement in the US with Warner Chappell Source...

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