Despite a turbulent 2018, Spotify appears poised to do well on Wall Street in 2019. Last summer, Spotify’s stock came close to breaking $200 on the New York Stock Exchange. Following a turbulent global stock market, though, which saw prices fall around…
Category archives: Investor + VC Financing
AEG Makes Strategic Investment in New Sports and Entertainment Fund
AEG sees a strong opportunity for growth in sports media. AEG has made a strategic investment. The company has backed the Sapphire Sport and Entertainment fund, started by VC firm Sapphire Ventures. The venture capital firm has announced the $115 mill…
Investing In Music Catalogs? It Ain’t All Daisies & Butterflies — Our Latest Podcast
Investors are continuing to pile into music publishing catalogs for a more reliable return. But publishing assets come with their own portfolio of headaches — according to these investors who are actively dealing with them. What? You’re not subscribe…
A Federal Judge Has Approved iHeartMedia’s Bankruptcy Reorganization Plan
Once the broadcast giant exits bankruptcy, will the company continue giving top executives unnecessary massive bonuses? As part of its plan to exit bankruptcy, iHeartMedia executives had presented a new plan. The broadcast giant had agreed to split wit…
RealNetworks Doubles Its Stake in Rhapsody, Effectively Owning Napster
RealNetworks wants in on Napster’s success. Unlike its other rivals in the streaming music market, Napster has actually turned a profit. In the past year and a half, Napster’s successful growth in the B2B market has helped the company deliver five cons…
Cutting Price Target, Morgan Stanley Maintains Spotify’s ‘Overweight’ Rating
Could podcasts hold the key for Spotify in the streaming music wars? In the second half of 2018, Spotify’s stock had a difficult time. From peaking at $196.28 on July 26th, the company has faced a downward slide. Over the past few months, multiple big-…
SiriusXM Now Has 34 Million Subscribers
SiriusXM continues adding subscribers. SiriusXM has posted its 2018 year-end results. The satellite radio company added 1.4 million self-pay subscribers to finish off the year. It now has 28.9 million self-pay subscribers, beating the company’s initia…
Despite Recent Surge, Four Analysts Lower Their Spotify Price Targets
Just how low will Spotify go on Wall Street? In the past few months, Spotify has experienced a bumpy ride on Wall Street. Ahead of the New Year, the company’s stock experienced a near -50% plunge. Over the summer, the stock nearly broke the $200 mark….
Tencent Music’s IPO Launches at Lowest Expected Price Range
Tencent Music executives once expected to raise up to $4 billion. They had to settle with just over a billion. Following Spotify’s success with its direct listing last April, Tencent Music made plans to launch its own IPO on Wall Street. At first glan…
Gifnote Secures $6 Million in Funding
Gifnote’s parent company didn’t explain how they’ll use the money raised. Audiobyte, Gifnote’s parent company, has confirmed a major funding milestone. The company has completed a $6 million Series A financing round. Evolution VC Partners, Gregg Smith…