|Bid||146.70 x 800|
|Ask||146.87 x 1200|
|Day's Range||142.50 - 147.07|
|52 Week Range||103.29 - 161.38|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||167.35|
Music streaming has skyrocketed in recent years, with double digit gains in both revenue and subscriber growth. Yahoo Finance's Alexandra Canal breaks it down. Zack Guzman & Emily McCormick, along with Strictly Cookies CFO Courtney Comstock join in on the conversation.
KPMG Chief Economist Constance Hunter joins Yahoo Finance’s Adam Shapiro, Julie Hyman, Pras Subramanian and Ethan Wolff-Mann to discuss what companies have been the most influential companies of the decade on On The Move.
Today we found three 'cheap' tech stocks trading under $10 per share with the help of our Zacks Stock Screener that investors might want to buy heading into 2020...
Music streaming services have skyrocketed in recent years, but challenges still remain when it comes to artist compensation.
The NYSE submitted a proposal just before Thanksgiving that would have let companies raise money when they go public via a direct listing instead of a traditional IPO. The SEC on Friday shut down the idea without opening it up for public comment.
Initial public offerings and direct listings are two methods for a company to raise capital by listing shares on a public exchange. While many companies choose to do an initial public offering (IPO), in which new shares are created, underwritten and sold to the public, some companies choose a direct listing, in which no new shares are created and only existing, outstanding shares are sold with no underwriters involved.
The past decade saw a ton of innovation from incumbent companies — like Amazon, Google, and Facebook. But new companies emerged as well and made their mark.
Epidemic Sound, backed by Spotify's investors, is one of a new wave of music companies expanding rapidly on the back of demand for easy access to original music from commercial users, especially YouTubers. Sweden's Epidemic managed to double its revenue last year to 234 million Swedish crowns ($24 million), as it muscles into the same market as traditional record labels, such as Universal, which hold copyrights and charges royalties, while also competing with tech giants like Apple which recently launched a music for business service. It splits all music streaming revenue from a track 50/50 with composers and retains the exclusive rights to the songs in its library.
This is another avenue of publicly debuting shares that I believe could gain popularity in the tech sector if the SEC approves it. A direct listing is far from the norm, but if this method gains traction, this could spell trouble for the investment banking industry.
Spotify's annual "Wrapped" feature, which allows listeners to look back on their favorite music from the year, is expanding in 2019 to include a whole decade's worth of favorite tunes, the company announced today. In addition, the feature is for the first time being made available to podcasters, in addition to Spotify users and Spotify artists. "Wrapped" has become one of Spotify's more anticipated releases among those who use the service regularly, as it allows users to explore their own top songs, top artists, top genres and minutes listened for the year.
The Zacks Analyst Blog Highlights: Spotify Technology, Discovery, Cable One, Gray Television and Studio City International
Otta, one of the latest startups aiming to fix what it sees as a broken job search and recruitment market, has picked up £850,000 in seed funding. Backing the young London company is LocalGlobe, along with a number of U.K. angel investors and founders. The latter includes Paul Forster (co-founder of Indeed), Shakil Khan (an early investor in Spotify), Matt Robinson (co-founder of Nested and GoCardless), Duncan Jennings (founder of VoucherCodes) and Carlos Gonzalez-Cadenas (COO at GoCardless).
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Stocks in the entertainment sector could be well-poised for gains as more Americans set out for amusement, vacations and TV time this holiday season.
Taylor Swift’s public battle for control of her master recordings highlights an industry-wide debate, one that most artists don’t have the capital or the platform to influence.
The NYSE wants to lift a restriction against raising funds when doing a direct listing, a method of going public that has been used by Slack Technologies Inc. and Spotify Technology S.A.
The New York Stock Exchange filed paperwork this morning with the U.S. Securities and Exchange Commission to allow companies to raise capital as part of a direct listing. Direct listings have become increasingly popular since Spotify's 2018 exit, which allowed its employees immediate liquidity, removed preferred access from bankers and allowed for market-driven price discovery. Companies, like Spotify, that opt to complete a direct listing are able to bypass the financial roadshow, thus avoiding some of Wall Street’s exorbitant fees.
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering. This new hybrid model comes after criticism by venture capital investors of the traditional IPO, which for decades has been the route to the public markets for companies such as Amazon.com Inc , Apple Inc and Microsoft Corp .
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering.
(Bloomberg) -- Meet Yona. She loves reading Margaret Atwood and articles about teenage life and sings about loneliness and relationships on her newly released track.If this sounds a bit scripted, that’s because it is: Yona’s not human.Yona has been created by London-based company Auxuman and trained using artificial intelligence, fed on music and literature, and learning from reactions to her music posted online.Auxuman was co-founded by Ash Koosha, Isabella Winthrop and Negar Shaghaghi. It builds AI-based characters and licenses them for entertainment, branding or live performances. Along with Yona, Auxuman also created Mony, Zoya, Hexe and Gemini – each with their own individualities.Listen to the Podcast: Can AI Compose Good Music?“The question for me always was how I can make a very intriguing, complete and complex piece of music only using a computer,” Koosha said in an interview.Artificial intelligence is being used by the music industry to invent new tools and sounds or, in Auxuman’s case, entirely new musicians.One of the first major projects was launched several years ago by Sony’s CSL Research Lab in Paris, which developed a system called FlowMachines that learns music styles from a large database of songs.French composer Benoît Carré, who was working with the Sony researchers at the time, fed the machine 470 lead sheets of Jazz standards from 1930s up through the 1960s. The final result was his first AI-generated song, released in 2016: “The Ballad of the Shadow”.Carré continues to work with researcher Francois Pachet, who’s since moved to Spotify Technology SA, where he leads its Creator Technology Research Lab. They created other AI tools which Carré has employed in his latest album titled “American Folk Songs”, released in October.At Luxembourg-based Aiva Technologies, Chief Executive Officer Pierre Barreau taught an algorithm to learn patterns in music based on 30,000 scores by Johann Sebastian Bach, Ludwig van Beethoven, Wolfgang Amadeus Mozart and others. Aiva’s program helps composers create new music for background use in movies and commercials, or for corporate branding at events.Barreau and his team recently trained Aiva on compositions by the Czech composer Antonin Dvorak. The machine suggested a potential ending for an unfinished symphony by Dvorak, played for the first time by the Prague Philharmonic Orchestra in November.Despite the advances, the music industry is still far away from being subsumed entirely by AI-generated songs, according to music critic Anthony Fantano, host of YouTube channel The Needle Drop.Humans will always want to be able to play music as an outlet, Fantano said, and many still look to music as a way to relate to the hardships evoked by the artist.“That cannot simply be recreated with an AI,” he said.To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Meet the world’s youngest selfie-made billionaire. Reality star and cosmetics queen Kylie Jenner, now 22, is probably the most recognizable (and controversial) newcomer in the Forbes magazine world billionaires issue revealed in March, when she was still 21. The social-media star’s fortune officially hit $1 billion earlier this year, several months after Forbes put her on the cover of its “richest self-made women” issue.
The streaming wars ramped up this week after Netflix (NFLX) announced a new partnership with Nickelodeon.
Airbnb is a popular online marketplace where users can list a home or apartment for vacation or other short-term stays. It's also one of the most-anticipated IPOs of next year.