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Alliance Entertainment Completes SPAC Merger, Sets Sights on ‘Acquiring and Integrating Competitors’

Dylan Smith
February 13, 2023
Last summer, Alliance Entertainment announced plans to execute a special purpose acquisition company (SPAC) merger. Now, despite the SPAC sector’s relative collapse, the deal has officially wrapped. Allianc... Read More...
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Vanguard Ups Warner Music Stake to 10.4 Million Shares As Robert Kyncl Takes Over — 7.6% of the Company

Dylan Smith
February 10, 2023
Vanguard Group now owns more than 10.42 million shares in Warner Music Group (NASDAQ: WMG), or 7.6 percent of the company, according to a newly submitted Securities and Exchange Commission (SEC) disclosure. ... Read More...
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February 10, 2023
Madison Square Garden Entertainment (MSG Entertainment) has officially confirmed plans to spin off its live division by March’s end. MSG Entertainment (NYSE: MSGE) doubled down on the spinoff timetable in i... Read More...
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Activist Investor ValueAct Capital Takes Strong Position in Spotify Following Programming Cuts, Layoffs

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Spotify Stock (SPOT) Remains Above $120 Amid Bullish Analyst Expectations

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Bullish analyst sentiments are helping to keep the Spotify (SPOT) stock price above $120. Analysts at Wells Fargo and Atlantic Equities have lifted SPOT to 'Overweight.' Wells Fargo analysts raised their pri... Read More...
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JKBX Says It ‘Has Over $1.7 Billion in Music Rights Exclusively Secured,’ With $4 Billion Expected by 2023’s End

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Spotify Stock (NYSE: SPOT) Has Surged by 22% This Week Despite Huge Q4 Loss

Dylan Smith
February 2, 2023
Although Spotify reported a €231 million Q4 2022 operating loss earlier this week, its shares have rebounded by north of 20 percent since the performance analysis released. During today’s trading hours, the... Read More...

Spotify Stock Rebounds Past $100 Per Share Following Layoffs Announcement

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January 24, 2023
The per-share price of Spotify stock (NYSE: SPOT) has rebounded past $100 for the first time since September, after the Stockholm-based company announced plans to trim its workforce by about six percent. Wh... Read More...
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As the economy slows and consumers ease spending, the music industry has seen a massive reversal in the tech sector hiring spree that surged during the pandemic. Here's what to know. In the last month alone,... Read More...
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Events.com Secures $100M Capital Commitment From Global Emerging Markets

Ashley King
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Events.com secures a $100 million capital commitment from Global Emerging Markets. Events.com has announced that it has secured a capital commitment of $100 million in the form of a Share Subscription Facili... Read More...

Activist Investor and Former Atlantic Exec Fails to Gain Warner Music Board Seat — But Presses Forward With Sexual Misconduct Suit

Dylan Smith
January 4, 2023
Warner Music Group (NASDAQ: WMG) activist investor Dorothy Carvello has failed to secure a seat on WMG's board, but is pressing forward with a sexual misconduct lawsuit. Outlets including the Financial Time... Read More...
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Hipgnosis Stock Has Fallen By About 32% During 2022 — What Does 2023 Have In Store?

Dylan Smith
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Hipgnosis stock (SONG on the London Stock Exchange) has suffered an approximately 32 percent valuation falloff since 2022’s beginning. But the high-profile entity’s market cap remains above £1 billion, and fi... Read More...
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