Live Nation Stock Hits New Highs After Encouraging Earnings
Live Nation stock jumped 19% on Nov. 5 following the company’s Q3 2021 earnings. Share prices closed at $123.80, giving the company…
Billboard
Justin Bieber Remix Pushes Wizkid’s ‘Essence’ to Top 10 on Hot R&B/Hip-Hop Songs Chart
Thanks to its new remix with Justin Bieber, Wizkid’s “Essence,” featuring Tems, zooms into the top 10 of Billboard’s Hot R&B/Hip-Hop…
Tencent Music Value Plummets Amid Regulatory Uncertainty in China
Investors and analysts are feeling more skeptical about Tencent Music Entertainment’s future since the Chinese government regulatory…
China Regulator Orders Tencent Music to End Exclusive Licensing Deals With Labels
China’s antitrust regulator has ordered Tencent Music Entertainment to end its practice of making exclusive licensing deals with…
Spotify Stock Drops as Analysts Warn Company Must Prove Podcast Strategy
Spotify shares fell as much as 6% on July 14 following a report by analysts at Bernstein that questioned the companies’ podcast…
Tencent Music Spared From Forced Sales in China Regulatory Crackdown
China’s regulator imposed penalties on Tencent Music’s parent company, Tencent Holdings, but did not force the music giant to…
Believe Valued at $1.9B After Rocky Debut on Paris Exchange
French digital music company Believe is valued at 1.6 billion euros ($1.9 billion) after a bumpy first day of trading on the…
Who Is Bill Ackman, UMG’s New Anchor Investor?
Investor and hedge fund manager Bill Ackman has made and lost billions making bold bets on the market. Now he’s closing in on a 10% stake in Universal Music Group….