Can Spotify turn things around and meet analysts’ lofty expectations? Late last month, Spotify’s stock hit a new low. Scraping at $131, the company’s share price ultimately closed at $141.68. Keep in mind the streaming music giant had reached a high of…
Author archives: Daniel Sanchez
Iggy Azalea Signs a New Contract with Empire
Iggy Azalea has managed to score a major deal with Empire. Iggy Azalea has long ranted against her label, Island Records. The Australian hip-hop artist desperately wanted out of her contract. Then, two weeks ago, Azalea confirmed her contract had expi…
Universal Music Group Files a Lawsuit Against PokerNews for Infringing Works on Podcasts
Facing nearly $7 million in damages, will PokerNews and iBusMedia fold in Universal Music Group’s copyright infringement lawsuit? Every so often, PokerNews releases a new podcast. The website, owned by iBusMedia, deals with subjects in the poker arena….
So, How Much Do Songwriters Earn from Streaming?
Once again, don’t expect to earn money from streaming — even if you work with major artists. As a songwriter, Sam Barsh has achieved notable success in the music industry. His credits include songs for Kendrick Lamar, Wiz Khalifa, and Logic, among man…
Looks Like Tencent Music’s IPO Is Moving to 2019
So, when exactly will Tencent Music launch its fabled IPO? Earlier this year, Spotify changed Wall Street forever with its $26 billion direct offering. Well-positioned investors, including Sony Music, Universal, Warner Music Group, and Merlin, all rec…
Nearly 50,000 Sign Petition Begging Maroon 5 to Cancel Unconfirmed Super Bowl Performance
Thanks to Amy Schumer, a Change.org petition has called on Maroon 5 to renounce its yet-unconfirmed Super Bowl LIII performance. Several weeks ago, Rihanna declined an invitation to play at the upcoming NFL Super Bowl LIII in Atlanta, Georgia. She repo…
Anghami Unveils Partnership with ACRCloud in Desperate Bid to Remain Relevant in the Middle East
With its new partnership with ACRCloud, Anghami looks to deal its dominance against Spotify and Deezer. Anghami has long dominated the streaming music market in the Middle East. The service, which last reported $10 million in revenue, is seen as a rela…
Continuing on Its Downward Slide, Spotify Stock Reaches a New Low at $120
Just how low will Spotify go? Several weeks ago, Spotify skirted near an all-time low at $131. Several factors, including major sell-offs in global markets, attributed to the company’s weakening share price. The streaming music giant soon rebounded, c…
Cox Communications Prepares for a Difficult Court Battle Against the Major Labels In Virginia
Is Cox Communications about lose its upcoming court case — and handy DMCA defense — against the music industry in Virginia? Cox hasn’t had a great time in Virginia. At the US District Court for the Eastern District of Virginia, a federal judge essentia…
The Latest Music Industry Jobs: Maverick, Spotify, Pandora, Big Label, AEG Presents, Island, More…
Maverick appoints a new top executive. Katherine Keating will serve as Chief Sustainability and Strategy Officer at Maverick Management. She’ll provide strategic resources to partner companies in tech, entertainment, and direct-to-consumer industries….