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  • Latest Music Industry Hires: RCS Worldwide, Ground Control Touring, Arc28 Entertainment, Nebula17, SeatGeek, Dolly Parton Estate, More
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Wall Street

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spotify stock

Spotify Stock (SPOT) Is Surging — But Will the Momentum Keep Up Throughout 2024?

Dylan Smith
January 17, 2024
Despite suffering an approximately 3% slip during early trading today, Spotify stock (NYSE: SPOT) is surging relative to its peer group and the broader market. Spotify stock was worth $197.71 per share at t... Read More...
lucian grainge

Universal Music Group Stock Spikes Following Layoff Reports — Market Cap Tops $53 Billion

Dylan Smith
January 15, 2024
Universal Music Group stock (UMG on the Euronext Amsterdam) has turned in a more than 6.5 percent valuation improvement following news of the major label’s layoff plans. At the time of this writing, Univers... Read More...
Universal Music layoff

Universal Music Preparing Major Layoff Round of ‘Hundreds,’ with Recorded Music Division ‘Hit the Hardest’

Ashley King
January 14, 2024
Universal Music Group is reportedly preparing to cut ‘hundreds’ of jobs in Q1, with UMG’s recorded music — the company’s largest division — to be ‘hit the hardest.’ Bloomberg reported on Friday, January 12, ... Read More...
Discord layoffs

Who Will Watch the AI Music Hubs? Discord Layoff Announced

Ashley King
January 14, 2024
Following a spate of layoffs at Amazon-owned subsidiaries like Prime Video, Twitch, and Audible, it appears more layoffs are on the horizon. Discord has announced layoffs that will impact 170 workers at its S... Read More...

Can SoundCloud Really Fetch a $1 Billion+ Sale Price?

Paul Resnikoff
January 8, 2024
Everyone loves a comeback. But is SoundCloud's comeback worth $1 billion — or more? Just when you thought the outlandish music industry acquisitions were over, there's this. SoundCloud is suddenly preparing ... Read More...
iron horse acquisitions

Iron Horse SPAC Announces $69 Million IPO Close, Targets ‘Music Rights Aggregators,’ Labels, K-Pop Companies, and More for Buyouts

Dylan Smith
January 2, 2024
Who says special purpose acquisition companies (SPACs) are dead? Iron Horse Acquisitions Corp. has announced the close of a $69 million IPO and set its sights on scoring a deal – or deals, bearing in mind the... Read More...
Linkfire Nasdaq Sweden delisting

Linkfire Delists from Nasdaq Sweden Amid Broader Exec Shakeup

Ashley King
January 2, 2024
Smart link platform Linkfire is delisting itself from Sweden’s Nasdaq amid a broader shakeup among its senior management team. Here’s the latest. The Copenhagen-based platform announced it will disappear fro... Read More...

Spotify Stock (NYSE: SPOT) Is Up 130% Since 2023’s Start — What Does 2024 Have in Store?

Dylan Smith
December 28, 2023
2023 is nearly in the books, and since the year’s start, the value of Spotify stock (NYSE: SPOT) has spiked by north of 130 percent. Now, investors and observers are speculating about SPOT’s 2024 outlook. At... Read More...
are SPACs back on the menu in 2024? Fenix360

Are SPACs Back? Fenix360 Plans $610 Million NASDAQ Listing

Ashley King
December 11, 2023
Are special purpose acquisition companies (SPACs) back? Fenix360 announces a deal with SPAC for listing on NASDAQ valued at $610 million. Fenix360 is an artist-centric, multi-genre social media platform that... Read More...

More Spotify Execs Found Dumping Shares Following Paul Vogel’s $9.4 Million SPOT Payday and Departure

Dylan Smith
December 8, 2023
On the heels of news that Spotify CFO Paul Vogel had cashed in on nearly $9.5 million in company stock directly before his departure's announcement, Digital Music News has discovered more executives dumping s... Read More...
Spotify plans for two-tier system are ‘intrinsically unfair, clearly discriminatory, bordering on offensive.'

Spotify CEO Daniel Ek Didn’t Draw a Salary in 2022 — But He Did Receive a Cool $181,085 ‘For Home Security Services’

Dylan Smith
December 8, 2023
Spotify CEO Daniel Ek didn’t collect a salary from the streaming platform during 2022 – but he did pull in a cool $181,085 “for home security services.” The Stockholm-based platform disclosed Ek’s fortress-l... Read More...

YG Entertainment Extends Blackpink Deal — Shares Surge Nearly 26% Following the Announcement

Dylan Smith
December 6, 2023
Following reports of rocky contract-renewal negotiations with several members of Blackpink, YG Entertainment has officially signed the K-pop girl group to a new deal. YG Entertainment, which also serves as ... Read More...
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