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☆ Spotify's stock is surging — and its CEO is cashing out
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Spotify CEO Daniel Ek has sold $176.3 million worth of stock this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDaniel Ek, Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge. On Wednesday, Ek sold roughly 400,000 shares, worth $118.8 million, according to a Securities and Exchange Commission filing. In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings.

Persons: Daniel Ek, Ek, —, Spotify's Organizations: Service, Securities and Exchange Commission, Business

☆ Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a 'significant challenge' for Spotify's day-to-day operations
▼ + stars: | 2024-04-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December. "It took us some time to find our footing," Ek told investors in an earnings call. AdvertisementLaying off 1,500 people in December ended up creating a "significant challenge" for Spotify, the company's CEO Daniel Ek said on Tuesday. "Although there's no question that it was the right strategic decision, it did disrupt our day-to-day operations more than we anticipated," Ek told investors in an earnings call. The layoffs, Ek said in December, were necessary as the company needed to become "relentlessly resourceful."

Persons: Daniel Ek, Ek, —, Taylor, Swift, Mark Zuckerberg, Neal Freyman, Toby Howell, Zuckerberg Organizations: Service, Spotify, Poets Department, Brew Daily, BI

☆ Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention
▼ + stars: | 2024-04-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Spotify reported first-quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost cutting and streamlining. The company expects net new MAUs of 16 million, for a total of 631 million monthly active users. Spotify attributed the slowed growth to "moderated marketing activity" — driven by cost cutting — resulting in "more normalized growth." ValueAct, which manages nearly $12 billion in assets, has a 0.5% Spotify stake valued at $280 million. When the activist investor first disclosed the position in 2023, it owned around 1.2% of Spotify.

Persons: Daniel Ek, Joe Rogan, MAUs, Mason Morfit's ValueAct Organizations: Spotify, LSEG, StreetAccount Spotify Locations: Tokyo, Swedish

☆ Buckle up. These stocks could see big moves in reaction to earnings this week
▼ + stars: | 2024-04-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As the busiest week for first quarter earnings results kicks off, several stocks on the docket to report this week may be poised for big swings. As of last Friday, 74% of companies in the S & P 500 reported a positive earnings surprise while 58% beat revenue expectations, according to FactSet. This week is scheduled to be the busiest one of the season, with 29% of companies in the S & P 500 — or 146 companies — due to post results. With so many corporate results to be released this week, investors may want to pay special attention to some earnings more than others in advance. CNBC Pro screened for the stocks that could see significant post-earnings moves either up or down, based on investors' expectations in the options market.

Persons: AllianceBernstein, Mark Shmulik, Shmulik, Jamie Baker, Morgan Stanley, Benjamin Swinburne Organizations: Dow Jones, CNBC Pro, JetBlue, American Airlines, JPMorgan, Spotify Locations: Stockholm

☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Tesla, Meta, Amazon, Microsoft, Spotify, Ferrari & more
▼ + stars: | 2024-04-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley lowered its price target on the stock to $210 per share from $220 but says it's sticking with Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings next week. Bank of America reiterates Tesla as neutral Bank of America said it's sticking with its neutral rating on Tesla shares. Morgan Stanley upgrades Alcoa to equal weight from underweight Morgan Stanley said it sees a more balanced risk/reward for shares of Alcoa. Bank of America reiterates Apple as buy Bank of America says Apple is a top pick at the firm.

Persons: Goldman Sachs, Goldman, Morgan Stanley, it's, Piper Sandler, Piper, Apple, Q, Q revs, Papa, Stifel, Papa John's, Jefferies, Mizuho, JPMorgan, Raymond James downgrades, Raymond James, TD Cowen, BRBR, BMO downgrades, Tesla, Oppenheimer Organizations: Nvidia, NVIDIA, RBC, Apple, Microsoft, Meta, Bank of America, JPMorgan, Cisco, Deutsche Bank, Realty Trust, Deutsche, Brands, BMO, of America, Alcoa, Kymera Therapeutics, " Bank of America Locations: Singapore, Asia, Brazil

Monday's analyst calls included a price target cut for one of the biggest tech companies in the world and Goldman Sachs getting bullish on an e-commerce giant ahead of earnings. Morgan Stanley cut its price target on Apple to $210 from $220, citing the potential for disappointing fiscal third-quarter guidance. 6:50 a.m.: Morgan Stanley remains bullish on Nvidia even after chipmaker's sell-off The recent slump in artificial intelligence-related stocks hasn't steered Morgan Stanley away from Nvidia . Sheridan kept his buy rating and $220 price target on Amazon, which is expected to post its earnings results on April 30. Analyst Erik Woodring reiterated his overweight rating on the tech giant but cut his price target to $210 from $220.

Persons: Goldman Sachs, Morgan Stanley, Goldman, Joseph Moore, Moore, — Pia Singh, shouldn't, Wamsi Mohan, Mohan, Benjamin Swinburne, Swinburne, Eric Sheridan, Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Apple, Nvidia, NVIDIA, Bank of America, Spotify, Amazon, Services Locations: North America

☆ Taylor Swift fans are 'Down Bad' for her new double album, smashing streaming records on Spotify and Apple Music
▼ + stars: | 2024-04-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Taylor Swift's latest album has broken records on Spotify, Apple Music, and Amazon Music. "The Tortured Poets Department" is the most-streamed album in a single day on Spotify and Amazon. Taylor Swift's latest album, "The Tortured Poets Department," smashed records on Spotify, Apple Music, and Amazon Music since its release at midnight on Friday. Both Spotify and Amazon Music declared it the most-streamed album on their respective platforms in a single day. The previous record holder was another Swift album, "Midnights," which amassed 184.6 million streams in a single day.

Persons: Taylor Swift's, Post Malone, Spotify's, —, Taylor, Swift Organizations: Spotify, Apple Music, Amazon, Department, Post, Service, Poets Department, Amazon Music

☆ Taylor Swift, Rihanna, Blackpink's Lisa: Celebrities spotted at Coachella 2024
▼ + stars: | 2024-04-15 | by ( Amanda Goh | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +9 min

The annual Coachella music festival, held in Indio, California, is underway. Here are the celebrities who have attended the music festival so far. The likes of Jeff Bezos and Lauren Sanchez, Taylor Swift, and even Blackpink's Lisa have been spotted among the audience. Here are the celebrities who have been seen enjoying Coachella 2024 so far. Taylor Swift and Travis KelceTaylor Swift and Travis Kelce at Neon Carnival held during the Coachella Music and Arts Festival on April 13, 2024 in Thermal, California.

Persons: Taylor Swift, Rihanna, Lisa, —, Lana Del Rey, Tyler, Jeff Bezos, Lauren Sanchez, Travis Kelce Taylor Swift, Travis Kelce, Gilbert Flores, Swift, Jason, Lauren Sánchez, Kris Jenner's, Corey Gamble, Lana Del Rey's, Rocky, Shakira, Blackpink's Lisa LISA, BLACKPINK, Bizarrap's, Blackpink's Lisa, Blackpink, Barry Keoghan Barry Keoghan, Tommaso Boddi, Sabrina Carpenter's, Keoghan, Carpenter, Justin Bieber, Jaden Smith Bieber, Smith, Hailey Bieber Hailey Bieber, Campbell Puckett, 🌵🎡, Rob e, mee, fou, ann u, e, Lew, tim e Organizations: Service, Billboard, Los Angeles Times, Coachella Music, Arts Festival, Getty, NFL, Coachella, AP, Valley Music, Arts, spo Locations: Indio , California, Thermal , California, Coachella, Singapore, fes, Fes

☆ Sabrina Carpenter may have dropped this year's summer bop with 'Espresso.' Here's how valuable a summer hit can be.
▼ + stars: | 2024-04-14 | by ( Katie Balevic | Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Sabrina Carpenter just dropped "Espresso," which is already topping the charts. With her new song "Espresso," the pop star may have just dropped this year's summertime hit. Cyrus' 2023 single "Flowers" breathed new life into her career after a rocky public personaMiley Cyrus performs at the 2024 Grammys. Like Carpenter, Cyrus was a Disney child star who amassed international fame with "Hannah Montana." So with "Espresso," Carpenter has a chance to catapult herself onto the big stage and secure her place as a bonafide star.

Persons: Sabrina Carpenter, —, Taylor, Barry Keoghan, She's, Carpenter, Theo Wargo, Sabrina Carpenter's, Morgan Wallen's, Harry Styles, Olivia Rodrigo, Miley Cyrus, SZA, Cyrus, Amy Sussman, cushioned Cyrus, Forbes, Vijat, Hannah Montana, Pharrell Williams, Cowboy Carter, Armando L, Sanchez, Bill, Timothy Norris, J, Cole, Nicki Minaj Organizations: Service, Coachella, Spotify's, Spotify, Apple, NBC, Getty, Chicago Tribune, Tribune, Billboard, iHeart Locations: Disney

☆ How Spotify AI plans to know what's going on inside your head, and find the right track for it
▼ + stars: | 2024-04-14 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +7 min

Over the past decade or more, Spotify has been investing in AI and, in particular, in machine learning. Its recently launched AI DJ may be its biggest bet yet that technology will allow subscribers to better personalize listening sessions and discover new music. The AI DJ combines personalization technology, generative AI, and a dynamic AI voice, and listeners can tap the DJ button when they want to hear something new, and something less-directly-derived from their established likes. Behind the dulcet tones of an AI DJ there are people, tech experts and music experts, who aim to improve the recommendation capacity of Spotify's tools. A Spotify spokesperson said the generative AI tool allows the human experts to "scale their innate knowledge in ways never before possible."

Persons: Y, we've, they're, it's, Julie Knibbe, —, Knibbe, they've, Ben Ratliff, Ratliff Organizations: Spotify, Discover, Technology

☆ I tried Spotify's AI feature to make playlists with text and emoji prompts. It's impressive but I'll still make my own.
▼ + stars: | 2024-04-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Spotify has launched AI Playlist, a new feature that makes playlists with a text or emoji prompt. It then gives you three options: "Playlist" to build your own, "Blend" to make a shared playlist with friends, and "AI Playlist" to "turn your ideas into playlists using AI." Jyoti MannOnce you tap "AI Playlist," a text box appears where you can enter a prompt — even by entering just an emoji. Within five seconds it can put together a playlist made up of 30 songs based on what it thinks you'll like. I then asked for a playlist based on the vibes of Joseph Cooper, the main character in the movie "Interstellar."

Persons: —, I've, Jyoti Mann, swiping, Adele, Hozier, Amy Winehouse, Joseph Cooper, Gaga's, Ryan Lewis's Organizations: Spotify, Service Locations: Australia, Sardinia, Italy

☆ Spotify employees question lavish spending on events while the company lays off thousands
▼ + stars: | 2024-04-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +9 min

Some employees criticize lavish spending on events, while Spotify is trying to cut costs. Some employees think Spotify is spending too much on parties and events, especially when the company is laying off thousands of people and looking to cut more costs. However, these employees said event spending has gone too far, given the company's broader efforts at frugality. One former employee described it as the company "spending tons of money flying people to Sweden to drink the Kool-Aid." Noam Galai/Getty ImagesSome of this lavish event spending is focused on solving a problem that's loomed over Spotify for years.

Persons: —, Sam Smith, Charli XCX, Gunna, Daniel Ek, Ek, Daniel Ek Dave Benett, Diplo, Spotifest, Melanie Stetson Freeman, it's, Alicia Keys, Noam Galai, Gustav Söderström Organizations: Spotify, Service, Ikea, Business, Brooklyn, Spotifest, Christian Science, Getty, company's, Apple, YouTube Locations: Drumsheds, Houston, Stockholm, New York, Sweden, New York City, York

☆ Spotify is reportedly going to get more expensive later this year
▼ + stars: | 2024-04-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

The company is also working on a new basic tier and a "supremium" plan, Bloomberg said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Spotify last raised prices in July, hiking the cost of most plans by $1 a month. Apple Music's individual plan got $1 more expensive a month in 2022, and YouTube Premium's individual plan rose by $2 a month the following year.

Persons: —, Joe Rogan Organizations: Bloomberg, Service, Spotify, Apple, YouTube, Business Locations: Australia, Pakistan, United States

☆ Beyoncé's country songs are bringing new listeners to the genre, boosting streams for Black artists
▼ + stars: | 2024-03-16 | by ( Micah Washington | ) www.cnbc.com time to read: +8 min

While some music critics praised Knowles' country tracks, other fans of the genre refrained from a warm welcome. Beyond just radio, Black artists and artists of color represented less than 4% of country songs played on the radio, airplay, charting songs, artists signed to major labels and award nominations, according to SongData. One such fan, Tenley Patterson, 26, said she didn't bother listening to country music before Beyoncé's releases, but was impressed with the country tracks. Rachel Whitney, head of editorial for the Nashville team, said playlists outside of the country genre are playing Knowles' country tracks, broadening its reach. The Beyoncé draw is also boosting exposure for other artists on some lists, like Lainey Wilson and Cody Johnson, who have more "traditional" country songs, Whitney said.

Persons: Beyonce, James Devaney, Cowboy Carter, Beyoncé Knowles, Tanner Adell, Mickey Guyton, Reyna Roberts, Knowles, Alice Randall, Randall, —, Rhiannon Giddens, hasn't, Jocelyn Neal, Maren Morris, Luke Combs, Kacey, Lil Nas, Nas X, Tim Mosenfelder, Neal, Knowles —, Taylor Swift, Beyoncé, George Bush, Tenley Patterson, I've, Patterson, It's, there's, Z, Rachel Whitney, Lainey Wilson, Cody Johnson, Whitney, Kevin Mazur Organizations: Scott, New York, Spotify, The New York Times, Radio, University of North, NBC, Houston, CMA, Republican, Nashville, Crypto.com Arena, The Recording Academy Locations: Brooklyn, New, New York City, U.S, Texas, an Oklahoma, University of North Carolina, San Francisco , California, Iraq, Los Angeles , California

☆ Even Apple's $2 billion fine seemingly hasn't stopped its beef with Spotify
▼ + stars: | 2024-03-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +1 min

Apple still hasn't responded to Spotify's request to update its EU app with price information. Spotify claims the silence is Apple's way of "avoiding" compliance with the DMA, per The Verge. Spotify issued the update a day after the EU hit Apple with a nearly $2 billion fine. AdvertisementNot even a nearly $2 billion fine from the European Commission seems to be able to stop Apple from beefing with Spotify. Apple reportedly hasn't acknowledged the update Spotify made to the European version of its app, according to an email Spotify sent to the EU Commission The Verge obtained.

Persons: —, hasn't Organizations: Apple, Spotify, EU, Service, Business

☆ Neil Young is coming back to Spotify — but he's not happy about it
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Neil Young says his music will return to Spotify. Young took his music off Spotify in 2022 over COVID-19 misinformation on Joe Rogan's podcast. Young took a dig at Spotify's sound quality as he came back to the platform. AdvertisementWhile Neil Young lovers may be rejoicing that the iconic artist is returning to Spotify, Young himself is not. This story is available exclusively to Business Insider subscribers.

Persons: Neil Young, Young, Joe Rogan's, — Organizations: Spotify, Service, Business Locations: COVID

☆ Neil Young announces return to Spotify after Joe Rogan boycott
▼ + stars: | 2024-03-13 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Neil Young attends a press conference for Farm Aid 34 at Alpine Valley Music Theatre on September 21, 2019 in East Troy, Wisconsin. Neil Young on Wednesday said his music will return to Spotify , just over two years after he and other artists removed their catalogues from the music streaming platform amid a vaccine disinformation dispute. Spotify announced a multi-year deal with Rogan last month that removed its exclusivity, meaning "The Joe Rogan Experience" will return to platforms, including Apple Podcasts, YouTube and Amazon Music. Young previously said Spotify accounted for 60% of his global streaming revenue, prior to his departure. The move placed Spotify in a position to choose between numerous legendary musical figures and the controversial but hugely popular Joe Rogan podcast, which was its most streamed show in 2023.

Persons: Neil Young, Joe Rogan, Young, Rogan, Joni Mitchell, India Arie, Crosby, Stills, Nash, Daniel Ek Organizations: Farm, Valley Music Theatre, Spotify, CNBC, Apple, Amazon, Horse Locations: East Troy , Wisconsin, American

☆ Apple hit with more than $1.95 billion EU antitrust fine over music streaming
▼ + stars: | 2024-03-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged. Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement. That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead. Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.

Persons: Apple, —, Margrethe Vestager, Vestager Organizations: European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music Locations: Brussels, Stockholm, Sweden, Cupertino

☆ Apple Music is going after Spotify Wrapped with a monthly recap of what you listened to most
▼ + stars: | 2024-02-22 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Apple Music is turning up the heat in its competition with music streaming rival Spotify. Apple Music Replay, which provides a summary of users' listening habits, is now available monthly — offering more frequent summaries compared to the yearly Spotify Wrapped. Apple says you'll need to go to a website, replay.music.apple.com, and log in with your Apple ID to access your monthly stats. But note that if you haven't listened to "enough music," you won't be able to see your Replay, Apple says. Apple Music Replay has previously been available at the conclusion of a calendar year, and is available in the app itself.

Persons: —, Apple Organizations: Service, Apple, Spotify

☆ Ye called out Taylor Swift's fans after they bought Beyonce's new single to keep him from the Billboard Hot 100 top spot
▼ + stars: | 2024-02-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Swift's fans reacted by buying Beyoncé's new single, "TEXAS HOLD 'EM." AdvertisementYe, formally known as Kanye West, is feuding with Taylor Swift's fans after he shared a post claiming he was Spotify's global top artist. "WHEN I SAID THAT I'M THE NEW JESUS BITCH I WASN'T EVEN THINKING ABOUT TAYLOR SWIFT. "ALSO, I'M SURE I'VE BEEN FAR MORE HELPFUL TO TAYLOR SWIFT'S CAREER THAN HARMFUL. TO ALL TAYLOR SWIFT FANS I AM NOT YOUR ENEMY UUUM IM NOT YOUR FRIEND EITHER THOUGH LOL," Ye added.

Persons: Ye, Taylor Swift, —, Taylor Swift's, Swift, Taylor, Swifties, TAYLOR SWIFT, Kim Kardashian, Scooter Braun, WE, TAYLOR, SWIFT, Tree Paine, Kardashian, Brandon Marshall's, Bianca Censori, Marshall, Brandon Marshall, Kanye Organizations: Service, Spotify, NFL, Kanye West Locations: TEXAS, Ye's, ife, IFE

It's Taylor Swift's world, and she just allows us to live in it. “Midnights” earned Swift her fourth career Grammy for album of the year on Sunday, an achievement no one can match. It breaks a tie with Frank Sinatra, Paul Simon and Stevie Wonder, who each won the honor three times. Swift was the last example of an action-packed show where women earned the biggest honors and had the majority of the most memorable performances. There was a brief pause before SZA accepted an award for best R&B song, since she was changing backstage.

Persons: It's Taylor, Midnights ”, Swift, Frank Sinatra, Paul Simon, Stevie Wonder, ”, Miley Cyrus, Billie Eilish's, “ Barbie, Finneas O'Connell, Singer, Victoria Monét, Julien Baker, Phoebe Bridgers, Lucy Dacus, didn't, —, Tracy Chapman, Luke Combs, Combs, She's, MILEY, Cyrus, “, ” JAY, Jay, ” Jay, Beyoncé, ” JONI'S, Joni Mitchell's, Brandi Carlile, Mitchell, Chapman, Tony Bennett, Bennett, Bennett's, ” Annie Lennox, Sinead O'Connor, Prince's accompanists, Barrino, Mary ”, Tina Turner, Billy Joel's, capper, SZA, ” Monét, Lizzo, She, I'm, TREVOR, Trevor Noah, Noah, That's, Lionel Richie, Lionel Wealthy, Jo Koy Organizations: CBS, Dre, “, Las Vegas, Universal, Golden Globes

☆ Bank of America traders are long Spotify because of new Taylor Swift album dropping in April
▼ + stars: | 2024-02-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Spotify shares are safe and sound with a new Taylor Swift album on the way, according to Bank of America traders. That's a positive catalyst in the second quarter for Spotify, said traders at the bank, who operate separately than the investment research team. Bank traders pointed to the fact that "Midnights" became Spotify's most-streamed album in a single day as reason for excitement. That offers "positive vibes," the traders wrote. SPOT YTD mountain Spotify, year to date Shares of Spotify slipped nearly 1% in Monday's session.

Persons: Taylor, That's, Swift, FactSet, readies Organizations: Bank of America, Poets Department, Spotify, Bank Locations: Los Angeles

NEW YORK (AP) — Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also be available on competing platforms, including YouTube and Apple Podcasts. Spotify announced the renewed partnership in a post on the company's corporate blog Friday. Under a prior multimillion-dollar deal, “The Joe Rogan Experience,” had been a Spotify exclusive since 2020. Wall Street Journal, which first reported the new deal on Friday, estimated that the new contract was worth as much as $250 million over its multiyear term. These conversations have changed the way I think about life immeasurably and continue to do so.”The show is consistently Spotify's most popular podcast but also a frequent cause of controversy for the company.

Persons: Joe Rogan, ”, Rogan, “ It’s, immeasurably, Neil Young, Daniel Ek, Joe Organizations: Spotify, YouTube, Apple, Wall Street

☆ Megan Thee Stallion and Warner Music Group sign 'innovative' new agreement that enables her to stay independent while working with the company's resources
▼ + stars: | 2024-02-02 | by ( John Lynch | ) www.businessinsider.com time to read: +4 min

Read previewMegan Thee Stallion and Warner Music Group (WMG) signed a new agreement on Friday, Business Insider has learned. In this agreement, the three-time, Grammy-winning artist will release music through Hot Girl Productions — her independent music and entertainment entity — and simultaneously work with Warner Music and its international affiliates. AdvertisementFollowing the settlement, Megan released two independent singles, "Cobra" and "Hiss," the latter of which stands at No. "This new chapter with Warner Music Group will shift the landscape in the music industry and empower other independent artists to follow in her footsteps and claim their power. It's also a testament to Max's ability to reimagine the relationships that major music companies can engage in with independent artists."

Persons: —, Megan Thee, Megan, Hiss, Max Lousada, Jay, Meg, Desiree Perez, It's Organizations: Service, Megan Thee Stallion, Warner Music Group, Houston, Business, Warner Music, Entertainment, Apple Music's, WMG, Warner

☆ Spotify needed Joe Rogan. And Joe Rogan needed Spotify. So they're sticking together.
▼ + stars: | 2024-02-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

But it's still going to be a major force in podcasting for years to come — because it's hanging on to Joe Rogan. Spotify says Rogan, the most popular person in podcasting, will be sticking around the platform via a "multiyear" contract. AdvertisementAll of this makes a lot of sense, given the way that podcasting — and Spotify's commitment to podcasting — has changed. That backing almost certainly helped keep Rogan with Spotify for another deal. So instead, this deal means Rogan gets a reliable income source, and Spotify gets the best-known name in the industry.

Persons: —, it's, Joe Rogan, Rogan, Rogan's, Meghan Markle, Prince Harry, Alex Cooper, Cooper, Alex Jones, Neil Young, Rogan didn't Organizations: Service, Spotify, Street Journal, Bloomberg, Business, Apple, YouTube, Edison Research

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