Congress finally caught on to Spotify “payola”
As an old sailing master once said, two boats on the water is a race. For once, the prize may be which streamery can treat artists better than their competitor.
Streaming royalties based on revenue are doomed to fall short until they include the value transfer in the share price.
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.
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 […]
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 […]
Laura Kobylecky draws striking parallels from the fictional machine-made music in Orwell’s “1984” to Spotify’s fake artist scandal and “The Next Rembrandt” that was “art” created from human works by machine algorithm.
via @colaboratorpcn: Douglas Caballero interviews Chris Castle — Artist Rights Watch
All of you who subscribe to the New York Times, fly Quantas, use any of a number of mobile carriers or who are in the 6th month of your third Spotify 90 day free trial may be interested in this post. According to Billboard in a story titled “Spotify Officially Hits 50 Million Paid Subscribers“, the “official” announcement came from […]
A combination of factors have gotten Spotify where it is now. Market conditions, bad management, arrogance, stiffing songwriters and getting too big, too fast. Until all those things change to one degree or another, it’s likely that the Spotify IPO myth will remain just that. via Spotify IPO Watch: Blame ≠ Profit — Music Tech Solutions