Over the weekend, Spotify’s stock slid in after-hours trading. The drop came following a bearish report from investment firm Evercore. Spotify’s shares had declined 3.6% in after-hours trading to $143. Knocking the music streaming company’s stock from …
Author archives: Daniel Sanchez
Eldorado Purchases Struggling Caesars Entertainment for $17.3 Billion
Eldorado Resorts has agreed to purchase its much-larger rival, Caesars Entertainment. The overall cash-and-stock deal is valued at $17.3 billion. The acquisition includes Caesars’ debt. Eldorado will acquire all of Caesars’ outstanding shares for $12….
Spotify Faces Backlash Over Axing Beloved Features on Mobile
Once again, users aren’t happy with Spotify’s new mobile update. Spotify doesn’t have a great track record with iOS users as of late. Several months ago, the streaming music company unveiled a controversial new feature aimed at forcing fans to share so…
The Music Industry Successfully Shuts Down Convert2MP3
Looks like the music industry continues to score more victories in its fight against major music pirates. Starting a major offensive against music piracy several months ago, the Recording Industry Association of America (RIAA) has managed to shut down …
The Jonas Brothers Unveil a Vinyl Subscription Club — Starting at $399
Several months ago, and snubbing streaming entirely, Garth Brooks set a vinyl sales record. The popular country singer – who had long withheld his catalog from streaming music services – unveiled a $130-a-piece vinyl box set. Dubbed the ‘Legacy Collec…
Amazon Music Will Now Come to Comcast Xfinity X1 Set-Top Boxes
Amazon Music has scored its first major cable TV deal. The e-commerce company’s music service has confirmed Comcast will launch its music streaming service on high-end Xfinity X1 set-top boxes. This marks its first pay-TV distribution deal and comes o…
To Halt Rampant Fake Streams on Spotify, the Music Industry Signs Anti-Manipulation Code of Conduct
Admittedly, the music industry has a major problem – fake streams. Three years ago, for example, Norwegian newspaper Dagens Næringsliv (DN) found Jay-Z’s music streaming service, TIDAL, flat-out lied about its total streaming numbers for two popular al…
Carrie Underwood Sued for Allegedly Stealing NFL Theme, ‘Game On’
Did Carrie Underwood willfully copy another song? According to Nebraska singer/songwriter Heidi Merrill, yes. Yes, she did. Filed at the United States District Court for the Southern District of New York, Merrill claims Underwood and her team wrote th…
SOCAN Members Only Received $41 From Digital Sources Last Year
The Society of Composers, Authors, and Music Publishers of Canada, or SOCAN, has published its financials for 2018. Breaking down total collections, the Canadian performance rights organization collected $375 million ($284 million) last year, up 11% ov…
Spotify CEO Daniel Ek Says Artists May Get Paid Better Using Facebook’s Cryptocurrency, the Libra
Several days ago, and confirming a previously leaked report, Facebook unveiled its new cryptocurrency project – the Libra – which Spotify readily supported. The social media company also introduced the Calibra, its new global subsidiary. The subsidiar…