150.22 0.00 (0.00%)
After hours: 4:41PM EDT
|Bid||150.25 x 800|
|Ask||150.99 x 1000|
|Day's Range||149.98 - 160.05|
|52 Week Range||135.51 - 171.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||156.76|
Alphabet Inc’s (NASDAQ:GOOGL) Google has a horse in the streaming music race, but it’s far from a contender. Starting tomorrow, leaders Spotify Technology SA (NYSE:SPOT) and Apple Inc.’s (NASDAQ:AAPL) Apple Music will face new competition in the form of YouTube Music. Google is launching a new streaming music service to take on the leaders armed with YouTube’s vast collection of live music and videos, Google Music Play’s existing music catalog, a new emphasis on local content and Google’s AI expertise thrown in the mix.
The chief executive of Spotify is teaming up with some of Europe’s leading business families to finance an annual conference they hope could be a “creative Davos” with a focus on technology and innovation. Brilliant Minds, an event set up by Daniel Ek of music streaming company Spotify and Ash Pournouri, the ex-manager of the recently deceased DJ Avicii, is now owned and financed by a group of Swedish families including the Wallenbergs, Stenbecks and Olssons, whose companies include Ericsson, Electrolux, Kinnevik, Zalando and Stena. “Daniel Ek would like to put Sweden on the map more in this new world and the new economy.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included one of the most recognized brands in the world. Bearish calls included a department store operator ...
Ebay Inc. has launched a new Interests feature that will narrow down the site’s 1.1 billion items to those things that individual shoppers will be most likely to buy. Ebay has 171 million active global consumers, the company said. Among them are a set of loyal customers who are into everything from Star Wars to a particular sports team, some of them visiting daily, according to Bradford Shellhammer, head of browse and personalization for eBay (EBAY).
is looking to dismantle the Spotify-Apple “duopoly” in music distribution, overhauling its music service this week in the fourth attempt at convincing YouTube’s billions of users to pay. Google is unveiling a new music subscription service on Tuesday, and will promote it with YouTube’s most expensive advertising campaign.
new YouTube Premium service has a pretty strong sales pitch. YouTube Premium, which was unveiled on Wednesday, provides (like the YouTube Red service that it replaces) ad-free YouTube and access to original YouTube shows such as the popular Cobra Kai.
Music streaming company Spotify (SPOT) went public in April through a direct-listing method. While Spotify is often compared with video-streaming giant Netflix (NFLX), the former has much weaker bargaining power with suppliers, compared to the latter. Spotify acquires music from major labels like Sony (SNE), Universal Music Group, and Warner Music, which enjoy an oligopoly.
3 World Trade Center will be opening in early June, with lead tenants including music streaming firm Spotify and advertising giant GroupM. Today, the World Trade Center's commercial vacancy rate is below 10 percent, thanks to the infusion of tech, media and advertising firms like Omnicom Media. The Trade Center will also soon have its own world-class performing arts center.
In early June, 3 World Trade Center will be opening with lead tenants including music streaming firm Spotify and advertising giant GroupM. The completion of this phase of the World Trade Center comes as New York's financial district is experiencing a renaissance. With so much going on, downtown leaders are trying to improve traffic flows around the New York Stock Exchange, a major business and tourist destination.
Streaming music provider Spotify Technology SA (NYSE: SPOT ) is not only well positioned to double its subscriber base, but expand its gross margins and generate notable free cash flow. The Analyst Raymond ...
Over the last decade, YouTube has emerged as one of the biggest video entertainment sources for a generation of consumers, and the biggest one for some of those consumers. announced it's replacing the $10-per-month YouTube Red subscription service it launched in 2015 with YouTube Music Premium and YouTube Premium, two separate services that cost $10 and $12 per month, respectively. Music Premium pairs the kind of offerings typically provided by rival music services -- audio-only streaming and downloads, playlists, music recommendations and standalone mobile apps -- with ad-free viewing and downloads for YouTube music videos, as well as access to remixes, covers and live versions of songs not found elsewhere.
Alphabet Inc (NASDAQ: GOOGL ) (NASDAQ: GOOG )'s push into the streaming music space with the announcement of a revamped YouTube Music offering could result in a notable uptick in user monetization, according ...
The stock market just might shuffle to a weekly win, helped by all those good vibes from the energy sector, small caps and the royal wedding. It’ll be close though, as China and North Korea remain headaches, and the 10-year Treasury yield refuses to lend a hand. “I believe Spotify could be the next horseman,” he wrote recently, suggesting that Sweden’s music-streaming star deserves to be mentioned in the same breath as Netflix (NFLX)and even “the Four” — Amazon (AMZN) , Apple (AAPL) , Facebook (FB)and Google (GOOG) (GOOGL) .
Among the companies with shares expected to trade actively in Friday's session are PayPal, Square, CBS, Mattel, Apple and Spotify.
The company's growth should carry the number of subscribers to 150 million from current levels around 75 million by 2020, analyst Justin Patterson says. "We doubt Apple ever overtakes Spotify ever in music," he says. The analyst sees Spotify shares rallying 19 percent to $190 over the next 12 months.
Vivendi SA has spent 18 months tantalizing investors with the prospect of a sale of its stake in Universal Music Group. It's hard to believe it coincidental that the French media conglomerate is finally ready to dance just a month after Spotify Technology SA went public. Despite being unprofitable, Spotify enjoys a market value of $24 billion.
Chinese internet giant Tencent Holdings/ADR (OTCMKTS:TCEHY) just reported first quarter numbers, and they were much better than expected. Revenue growth remained robust, while earnings came in well above expectations, easing concerns surrounding persistent margin-compression headwinds. As a result, Tencent stock traded more than 6% higher to just over $53.
YouTube has long been the world’s most popular music service—and one of the music industry’s biggest headaches. On Tuesday YouTube will relaunch YouTube Music as a music-streaming service much like Spotify or Apple Music. “When you ask our users how they consume music we’re always mentioned but it’s often another streaming service and YouTube,” said Lyor Cohen, a former music industry executive who has been head of music for YouTube and Google since 2016.
Shares in Spotify Technology and Pandora Media fell on Thursday as investors reacted to Google's YouTube business announcing plans to launch a new music streaming service on May 22.
YouTube will soon debut a revamped music-streaming service to challenge Apple Music and Spotify Technology SA. And the Google division is willing to spend heavily to tell the world about it -- including getting hip-hop star Cardi B to help. For the service, the video arm of Alphabet Inc.’s Google is readying its largest marketing effort ever, a bid to win new, paying consumers and generate revenue beyond digital advertising. Next Tuesday, the company will unveil YouTube Music, a two-tiered subscription service charging consumers for ad-free music and video, including YouTube’s original programming.
The massive IPO that Tencent Music is reportedly pursuing benefits Spotify Technology SA (NYSE: SPOT )'s valuation by validating streaming services, according to Buckingham Research Group. The Analyst ...
Lyor Cohen attends the Gucci X Artsy dinner at Faena Hotel on December 6, 2017 in Miami Beach, Florida. Despite the fact that YouTube is the world's most popular destination for consuming music, the Google-backed streaming giant has long been something of a punching bag within the industry. YouTube's defenders argue it's still an improvement over radio, which has historically paid recording artists nothing, compensating songwriters only.
Apple CEO Tim Cook commented in an interview with Bloomberg Television this week that the number includes both users with paid subscriptions as well as those with free trials. In April, Variety reported that Apple Music had 40 million paid subscribers across 115 countries, and an additional 8 million users with free trials of the music streaming service.
Competition in the on demand music streaming space continues to ramp as Google parent company Alphabet Inc. ( GOOGL) becomes the latest deep-pocketed tech titan to take on recently public Spotify Technology S.A. ( SPOT) and industry pioneer Pandora Inc. ( P) for a slice of the high-growth market. The new service will look a lot like that of market leader Spotify, which offers a free, ad-supported tier as well as a paid premium option.
Shares of Spotify (SPOT) and Pandora (P) both opened lower on Thursday after Google (GOOGL) announced that it will roll out a YouTube-based music-streaming service. In doing so, the technology giant joins an already crowded space, complete with some of the biggest names on Wall Street. Let's dive into the current streaming music landscape to gauge not only how things stand now, but what the market might look like down the line.