We’re starting to see a narrative emerging from the digital music services in reaction to artists chafing under the misery of streaming royalties. Streamers want lawmakers to focus attention on the allocation of current period revenue that they pay to creators and deflect attention from the company’s stock market valuation (or private company valuation). That’s […]
Remember when Spotify bought Joe Rogan’s podcast and signed him to deliver futures? Big money, big press release. Big chuckles in some quarters, why? Welcome to the world of artist relations, Mr. Ek. Here’s a suggestion. When you sign an artist who you know is controversial going in, expect…you know…controversy. Is that really so hard […]
Sometimes the big money executives at corporations are referred to pejoratively as “corporate royalty.” The nauseating Daniel Ek caused Spotify to grant him supervoting stock and he used it to make himself President for Life. Vlad will love it.
“We never get accustomed to being less important to other people than they are to us.” Holly Martins in The Third Man by Graham Greene As MTP readers will recall (especially newsletter readers), Spotify is being sued in Nashville by the publishers of a good chunk of Eminem’s extremely popular catalogs (on albums each streamed […]
UPDATE: This post originally appeared on 9/24 in MusicTech.Solutions before reading that on 9/23 Wells Fargo initiated coverage of Spotify at “Underperform” with a $115 price target. (The stock touched $115 during the trading day on 9/24). As of this writing, the consensus price target is $159 according to NASDAQ’s Marketbeat. And of course, streaming’s […]
You may have seen the book reviews of “Spotify Untold” (or in Swedish ““Spotify Inifrån”). The book is currently only available in Swedish, but in a new marketing twist the authors are on a book tour in the US. Must be nice. The writers seemed to have missed the streaming gentrification part, which is of […]
The Spitting Image of the Modern Major General MTP readers may remember the name Christopher Sprigman. Most recently, we have identified him as a counsel to Spotify in the “Nashville cases” brought against his firm’s client Spotify by four plaintiffs represented by well-known and successful artist rights attorney Richard Busch. These were cases brought […]
David Poe’s guest post drills down on the economic reality of streaming inspired by Spotify’s “Dance Like Nobody’s Paying” ad campaign promoting freebie subscriptions.
Spotify released one of their groovy ad campaigns last week. This time celebrating their freebie subscription campaign. You really do have to wonder where they find the people who come up with these things. Blake Morgan, David Lowery and David Poe all laid into Spotify with their own tweets. Just like Lowery’s seminal “Letter to […]
Spotify just had its second “death cross” in less than 6 months where the the 50 day moving average crosses the 100 day moving average to the downside.