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Wall Street

UMG debt restructuring

Universal Music Group Opens an $800 Million+ Bond Offering to Help Restructure Debt

Ashley King
June 6, 2023
Atlantic Equities downgrades Warner Music over AI music development

Atlantic Equities Downgrades Warner Music Over ‘Rapid Development of AI-Created Music’

Ashley King
June 5, 2023
spotify stock

Audacy Stock Is Being Delisted from the NYSE Due to ‘An Abnormally Low Selling Price’

Dylan Smith
May 18, 2023

Warner Music Group Stock Slips Following Q1 2023 Earnings Release: ‘We Underperformed in Recorded Music’

Dylan Smith
May 9, 2023
spotify stock

Spotify Stock (NYSE: SPOT) Is Up 62% Since 2023’s Start as Tech Sector Downturn Abates

Dylan Smith
April 7, 2023
 
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Spotify CEO Daniel Ek comments during Investor Day 2022

Spotify Stock (SPOT) Threatens to Sink Below $70 Per Share for the First Time — Will a Price Increase Turn Things Around?

Dylan Smith
November 3, 2022
Spotify stock (SPOT) is down more than 70% YTD as of November 3rd. Spotify stock (NYSE: SPOT) is threatening to fall beneath $70 per share for the first time in company history – prompting investors and obser... Read More...
Opry Entertainment Group revenues Q3 2022

Opry Entertainment Group Revenues Explode During Q3 as Post-Pandemic Crowds Return

Ashley King
November 2, 2022
Photo Credit: Corkythehornetfan / CC by 4.0 According to its parent Ryman Hospitality Properties, Opry Entertainment Group saw its revenue grow 57.3% to $77.2 million in Q3. The post-pandemic boom is largely... Read More...
Warner Music Group price target

Deutsche Bank Aktiengesellschaft Drops Price Target on Warner Music Group

Ashley King
October 31, 2022
Photo Credit: Bufi at de.wikipedia / CC by 2.0 Deutsche Bank Aktiengesellschaft drops its price target on Warner Music Group as WMG becomes the subject of several financial entities' research reports. Warner... Read More...
SPOT stock down

Spotify Stock Plunges More Than 15% Following Q3 Financial Report

Ashley King
October 27, 2022
Despite growth in subscribers, MAUs, and revenues, SPOT stock is headed in a downward trend following the company's Q3 financial report. Shares have tanked more than 15% in two trading sessions following the ... Read More...
Yoom funding

YOOM Raises $15 Million — Finneas and Jimmy Iovine Among the Star-Studded Investors

Ashley King
October 26, 2022
Photo Credit: YOOM YOOM raises $15 million in a star-studded round of investment from the likes of Finneas and Jimmy Iovine. YOOM, founded in 2016 by Dr. Miky Tamir and Micha Birnboim and known initially as ... Read More...
NYSE Music Acquisition Corporation

The Music Acquisition Corp., Once a High-Flying SPAC, Is Getting Delisted by the New York Stock Exchange

Ashley King
October 26, 2022
Photo Credit: Ken Lund / CC by 2.0 The Music Acquisition Corp. (TMAC.U) is seeking shareholder approval to liquidate its trust early. The SPAC doesn't have a completion deadline until February 5, 2023, but t... Read More...
Spotify's pirate movies

Spotify Shares Drop Despite Double-Digit Subscriber Gains — And a Possible Price Hike Ahead

Paul Resnikoff
October 25, 2022
Photo Credit: Thibault Penin Spotify subscribers, monthly average users, and revenues all headed north during the latest third quarter. Wall Street sent shares south. It was an impressive third-quarter finan... Read More...
Spotify Analysts Wall Street

Wall Street Expecting Spotify to Post Substantial Losses Next Week – With Revenues Poking Higher

Ashley King
October 20, 2022
Photo Credit: Maxim Hopman Wall Street analysts expect Spotify to post a year-over-year decline, despite higher revenues this quarter. Spotify's earnings report is expected to be released on October 25, 2022... Read More...

Spotify Stock (SPOT) Hits Record Low As TikTok Charts Streaming Expansion — Is the Market Overreacting?

Dylan Smith
October 14, 2022
Spotify stock (NYSE: SPOT) dipped to a record low of $78.50 per share following news of TikTok parent ByteDance’s plans to spearhead a global streaming service expansion. Shares have since rebounded past the ... Read More...
Spotify Stations shutting down

Rowan Street Issues Optimistic Spotify Stock Forecast As Shares Threaten to Slip Beneath $80 For the First Time

Dylan Smith
October 11, 2022
Photo Credit: Thibault Penin Rowan Street Capital, a self-described “private investment fund focused on long term ownership of a few ‘extraordinary’ businesses,” is maintaining an optimistic position on Spoti... Read More...

Hipgnosis Stock Plunges to All-Time Low, But Analysts Remain Relatively Upbeat Following Refinancing

Dylan Smith
October 11, 2022
Photo Credit: David Vincent Hipgnosis Songs Fund (LON: SONG) shares have dipped to a record-low price, but some investors appear relatively upbeat about the entity’s path forward following a $700 million refi... Read More...
Triller inflated numbers

Triller Announces $310 Million In Equity Funding, Doubles Down On ‘Early Q4 2022’ IPO Plans

Dylan Smith
September 29, 2022
Photo Credit: Solen Feyissa One month after announcing a “substantial” funding round ahead of a planned Q4 2022 IPO, TikTok rival Triller says that it’s secured “a binding $310 million investment.” Triller, ... Read More...
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