Spotify Finally Readies an IPO...That's Not an IPO
Today, Spotify struck a multi-year worldwide licensing deal with Universal Music Group to add some more stability to its part of the marketplace by creating a "flexible release policy". The popular (but controversial) music streaming service will be offering new releases from some artists that will be available initially only for Premium subscribers for the first two weeks before those on the free tier will be able to listen to it.
Under the agreement, the share of revenue Spotify pays labels in royalties, now thought to be 55 percent or slightly more, will instead in most circumstances range between that level and about 52 percent, depending on what subscription targets the company hits, according to sources with knowledge of the deal.
Music-streaming service Spotify AB is readying an initial public offering that is expected by year-end. But he became more willing to compromise - sources have hinted that Spotify general counsel Horacio Gutierrez played a key role - and the deal couldn't wait much longer. Overnight, though, attention has also turned to the implications for Spotify's IPO.
In 2015, Spotify was valued at $8.5 billion.
Amazon to use Plug Power fuel cells for fulfilment network
To measure price-variation, we found PLUG's volatility during a week at 7.29% and during a month it has been found around 6.58%. The stock witnessed 23.36% gains, 10% gains and -22.81% declines for the 1-month, 3-month and 6-month period, respectively.
Taser changes name in shift to software, police services
Our technologies give law enforcement the confidence, focus, and time they need to keep their communities safe. As of March 22, 2,794 cameras have been deployed to officers in the field, according to a recent LAPD report.
Lloyds Banking Group PLC (LYG) Moves 0.62%
Similar to ROE, ROIC measures how effectively company management is using invested capital to generate company income. Eqis Capital Management Inc. increased its position in Lloyds Banking Group PLC by 217.8% in the third quarter.
The "narrative" required to fire up investors isn't just that Spotify is reducing its royalties burden and inching toward profitability; it's one of confidence that it can survive and prosper in the long-term, against competition from the deepest-pocketed tech giants.
Last year Bloomberg reported Spotify meant to go public in the second half of 2017.
As more Silicon Valley startups eschew the expense, uncertainty and scrutiny an IPO brings, companies are choosing to stay private longer and continue padding their bank accounts with venture dollars for as long as they can. And as of now, the service has only reached this "windowing" deal with Universal Music Group and not Sony, Warner or EMI. The two companies said that the new deal would "advance their partnership to ensure that streaming realises its full transformational potential for artists, labels and fans".
The royalties Spotify pays for recordings are separate from those that are paid to songwriters and music publishers, which amount to about 10 per cent. "Universal is the one that can call the shots, to some extent", says Mark Mulligan, an analyst at MIDiA Research, "and this is the next stage of how labels and -streaming services work together".
Remains might be linked to pair of missing persons cases in Missouri
Even though the second set of remains have not been identified, police have contacted the family of Kara Kopetsky of Belton. The remains of the second person discovered about 20 miles away from Kansas City have not yet been identified, police said.
Judge Blocks Indiana Mandate Requiring Ultrasound Hours Before Abortion
Planned Parenthood and its abortion services could still exist; it would simply have to exist without the aid of federal funds. The change in ultrasound timing was part of a series of abortion restrictions the state had passed , which then-Indiana Gov.
Russian Federation recognizes western Jerusalem as Israel's capital, eastern Jerusalem for Palestinian state
The return of Palestinian refugees is "out of the question", he told the Israeli newspaper Jerusalem Post at the time. Others were shot dead during protests or clashes, while some were killed in Israeli airstrikes on the Gaza Strip.
NASA emotionally prepares us for Cassini's end with this grand finale preview
At least two of the final orbits take Cassini close to the rings' inner edge and could bring the mission to an early end. The Cassini-Huygens mission is a cooperative project of NASA, ESA (European Space Agency) and the Italian Space Agency.
Extra patrols targeting distracted drivers the next 2 weeks
City police this month are upping their efforts to catch drivers who are texting or otherwise distracted while behind the wheel. If using Global Positioning System on your phone, plug in the address before you start the auto and use a mounted phone holder.
Johnson injures back falling down stairs on eve of Masters
Also to the fans out there, words can't describe what you being there for me, meant to me. "I didn't even realize I did that". The LPGA gave their statement via social media, but once again the rules of golf dampened the final round at a major.
Fans must get behind Gunners - Wenger
However, it feels like these two Arsenal fans may have once again brought ridicule onto their club. Sky Sports report the Frenchman saying, "He has one and a half year contract".
Rice Denies Allegations of Improper Surveillance Against Trump
He held USA government national security positions for 25 years with the CIA, DIA, and the House Intelligence Committee staff. Bolton when he was Under Secretary of State for Arms Control and International Security in the George W.
Obama aide Rice denies using intel to spy on Trump advisers
Former Obama Administration official Evelyn Farkas appeared to acknowledge Trump officials had been the subject of surveillance. The names included associates of Trump, which later emerged in media reports as having various ties to Russian Federation .
Arsenal fight back to draw with Man City
Stewart Robson believes Arsene Wenger's "ego" will keep him at Arsenal following this season to maintain the status quo. Overall I felt it was a mental test and overall you could see the team was touched on the confidence front.
Apr 07 2017