Spotify Gives “Corporate Royalty” a Whole New Meaning

Sometimes the big money executives at corporations are referred to pejoratively as “corporate royalty.” This is particularly true of those with “supervoting” stock that gives them absolute control over public corporations. The nauseating Daniel Ek caused Spotify to grant him supervoting stock according to public filings (that grant didn’t happen by itself).  Together with his […]

$20 Million a Month Daniel Ek Shows “Million a Month” Tim Westergren How It’s Done

Remember when we were all appalled that Pandora founder Tim Westergren was making $1,000,000 a month from selling Pandora stock while he was behind fighting songwriters in rate court for ASCAP and BMI royalties and stiffing artists with the Internet Radio Fairness Act and refusing to pay pre-72 artists?  And then there was the 13 bathroom house in Marin.  It was all a bit hard to stomach.

According to Jem Aswad in Variety, Daniel Ek is putting Westergren in the rear view mirror for sheer excess.

Here Come the SPOT Analysts

It’s still very early days for stock analysts to reach a consensus about Spotify except for one thing–royalties are too damn high.  We have, of course, heard this one before–remember Pandora?  When Tim Westergren was cashing out his stock to the tune of $1 million a month and the company was wasting money hand over […]

Spotify IPO Watch: Buy High, Sell Low — Music Tech Solutions

Is Spotify’s unusual “DPO” approach and bizarre $132 selling price simply a way for insiders to short the stock? See SPOT run! Run SPOT run! Here’s an interesting anecdote about that imminent Spotify stock offering.  Remember, Spotify is rumored to price at $132 per share based on private market trades (on a split adjusted basis, […]