Drake is facing serious backlash over a 2010 concert clip — though it’s unclear if any legal repercussions will result. Footage of a Drake concert in 2010 has now surfaced, with accusations of assault against an underage girl resulting. In the clip, D…
Author archives: Paul Resnikoff
Just Days After MKM Says ‘Buy,’ Spotify Jumps 10% In NYSE Trading
Spotify’s ‘non-IPO’ may have caused an exaggerated fall. After a deliriously bad December, shares of SPOT are actually bouncing back. And MKM Partners analyst Rob Sanderson may have called the comeback. Of course, there’s always next week. And the we…
Coachella 2019 Line-Up Revealed: Childish Gambino, Tame Impala, Ariana Grande Top the Headliners
Coachella 2019’s line-up has officially been unleashed — with a few surprises. Looks like Kanye West won’t be topping the Coachella 2019 lineup after all, with safer bets like Childish Gambino, Tame Impala, Ariana Grande, Bad Bunny, Rüfus du Sol, DJ Sn…
Is Spotify Now a Great Bargain? Why One Wall Street Analyst Is Screaming ‘Buy!’
This could go one of two ways… Spotify’s stock has been brutalized of late, with a near-50% plunge ahead of the New Year. After flirting with $200 over the summer, SPOT was just points away from dropping below $100 in late December. But maybe SPOT has…
Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof
Spotify’s non-traditional ‘direct offering’ was once lauded as genius. Now, it’s complicated. Spotify’s ‘non-IPO IPO’ bucked one of Wall Street’s most cherished traditions, and minted billionaires overnight. And as Spotify’s shares soared towards $200…
Wixen Music Publishing Settles Its Monster $1.6 Billion Lawsuit Against Spotify
A year-long lawsuit with estimated damages of $1.6 billion has now been settled. Last year, Digital Music News broke the news that Wixen Music Publishing had filed a massive, $1.6 billion-plus lawsuit against Spotify. Interestingly, the lawsuit was …
Spotify Slumps to Another All-Time Low of $115.86 — Is $99 Next?
Spotify — like most stocks on Wall Street — suffered another substantial drop on Wednesday. But is $200 still a realistic target? Those weathering past Wall Street bubbles have seen this story before. But is Spotify spectacularly crashing to Earth, o…
Kentucky Radio Station Puts ‘Baby, It’s Cold Outside’ on Repeat to Protest Recent Bans
As the debates intensify over ‘Baby, It’s Cold Outside,’ a radio station in Kentucky decided to loop the song in protest. A series of bans against the Christmas classic ‘Baby, It’s Cold Outside’ is now meeting a backlash. Earlier this month, a large n…
Spotify’s Stock Crashes Below $120 for the First Time Ever — $14.2 Billion In Market Cap Lost In 5 Months
Spotify’s once-searing stock is now staring at sub-$100 valuations — though analysts are still saying ‘Buy’. Shares of Spotify (SPOT) crashed to another all-time low in Tuesday trading, with a sub-$120 valuation briefly brushed. By the Wall Street bel…
Atlantic Records Drops Its No Jumper Venture Over Sexual Assault Allegations
Atlantic Records (WMG) is walking away from a once-promising label venture with hip hop tastemaker Adam ‘Adam22’ Grandmaison. A slew of sexual assault accusations have prompted Atlantic Records to cancel its venture deal with No Jumper Records. Centra…