![]() Within one month after Spotify’s shares first traded publically in the United States (April 3, 2018), the labels immediately started dumping their shares. On Tuesday, August 7, 2018, in an earnings call with stock analysts, Warner Music Groups revealed that it had now sold all of its holdings of stock in Spotify, realizing $504 million. Everybody knows this.Įxcept, it appears, the record companies. Streaming is the future of the music business. ![]() ![]() ![]() Guest post by Stephen Carlisle of NOVA Southeastern University ![]()
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