176.42 +0.02 (0.01%)
After hours: 5:05PM EDT
|Bid||176.40 x 900|
|Ask||178.12 x 1300|
|Day's Range||170.50 - 176.77|
|52 Week Range||135.51 - 180.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||153.34|
YouTube Global Head of Music Lyer Cohen discusses music streaming, advertising and what differentiates YouTube from the competition.
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The star couple just released their first joint album, months after Jay-Z admitted in an interview he cheated on BeyoncéJay-Z and Beyoncé have leveraged their experience with infidelity in their chart-topping music. Has a couple ever made as much money after an affair as Jay-Z and Beyoncé? The couple surprised fans Saturday with the release of their first joint album, “Everything Is Love,” and the new music is another example of how the duo has made a cottage industry out of marital strife.
Beyoncé and Jay-Z have made their new album available for streaming across all major music services—as long as listeners are paying for it. The husband-and-wife duo, who are currently on tour together, dropped the surprise album, “Everything Is Love,” Saturday evening together as “The Carters.” When announcing the album on social media, Beyoncé said it would be available exclusively on the music-streaming service Tidal, of which the pop star and the rapper are partial owners. Spotify, the world’s No. 1 music streaming service, has 170 million active users, 75 million of whom pay.
Getting on certain playlists can lead to a major windfall for musiciansPlaylists are major drivers of listener traffic on streaming platforms like Spotify. While streaming platforms have opened up access to a much wider array of music for listeners, they still exercise a great deal of influence over what exactly consumers listen to. On the surface, services like Spotify (SPOT), Pandora (XNYS:P) and Apple Music (AAPL) have leveled the playing field for musicians seeking audiences by virtue of the sheer amount of music they provide access to.
Investors and analysts are pumping up the music streaming giant as the next Netflix, Inc. (NASDAQ:NFLX). Spotify will never have the one thing that put Netflix over the hump — original content. All in all, Spotify stock just doesn’t make any sense to me trading above $170.
CNBC's Jim Cramer tracks how companies like Netflix and Amazon are seizing on a rapidly expanding segment of the economy. The "Mad Money" host offers investors a few ways to play the rise of subscription services. Sign up and buckle up: consumers are embracing a new long-term trend that has become so powerful and pervasive that CNBC's Jim Cramer can't ignore it.
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Shares of music streaming companies Spotify and Pandora both saw their shares pop in Thursday trading. Spotify headed higher despite getting coverage on the company initiated by Deutsche Bank with a "hold" rating and a price target lower than where shares closed yesterday. Spotify Technology S.A. shares closed up 4.26% yesterday on about 4.3 million shares traded compared to the stock's average trading volume of about 3.3 million shares.
debuted on the stock market in April, founder Daniel Ek made a promise to the chief executives of the three record labels that control the music industry: Spotify is not looking to own music copyrights or sign its own artists, he told them. Last week it was revealed that Spotify is licensing music directly from some artists and their managers. Spotify’s moves do not technically breach Mr Ek’s promise, or the contracts it has with record labels, which stipulate that the company cannot buy master recordings or compete with them in a meaningful way.
Amazon.com, Apple and Google have two main advantages over streaming music star Spotify Technology (SPOT): Financial flexibility and built-in access to new customer streams. “The competitive landscape could increasingly becoming a headwind to Spotify’s user growth story,” Deutsche Bank analysts wrote Wednesday as they started coverage of the company with a “hold” rating and a $155 price target that’s below current levels. Deutsche Bank said it was “cautious” about Spotify despite general optimism about streaming music, citing concerns about the possibility of margin growth and competition.
Spotify Technology SA shares are up 1.3% in Thursday morning trading, despite a lukewarm initiation note from Deutsche Bank analyst Lloyd Walmsley, who started coverage with a hold rating. "We are ...
Is streaming music provider Spotify Technology (NYSE: SPOT) the next Netflix, Inc. (NASDAQ: NFLX)? Investors should hold a bullish stance on the music industry as a whole, but the bullish case for Spotify's stock is difficult to make right now, Walmsley said in the initiation note. Spotify doesn't boast any form of content differentiation, and a lack of visibility around long-term margins implies that a comparison to "Netflix 2.0" is unjustified, the analyst said.
Spotify (SPOT) appears to have ambitions to compete with Amazon (AMZN), Google (GOOGL), Apple, Alibaba (BABA), and more recently Yandex (YNDX) in the smart speaker market. After posting a job listing for a project in which it referred to a product akin to Amazon Echo, Spotify recently registered with the FCC (Federal Communications Commission) in a move that suggested it’s looking to build a hardware product.