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Search resuls for: "Warner Music Group —"


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The decision exposes X, formerly Twitter, to claims that it gave paying “verified” subscribers more leeway than non-paying users to illegally share copyrighted music. The lawsuit, filed last June by the National Music Publishers’ Association — whose members include Universal, Sony and Warner Music Group — also claims that X delayed responding to copyright infringement notices and didn’t take enough “reasonable steps” to combat repeat offenders. But she threw out claims by music publishers that X was directly responsible for stealing artists’ intellectual property. Most large social media platforms, such as TikTok, pay licensing fees to music publishers in exchange for giving users the ability to share songs on the websites. In the case against X, music publishers cited more than 1,700 songs whose copyright X has allegedly infringed, including hits such as Mariah Carey’s “All I Want For Christmas Is You,” Outkast’s “Hey Ya!” and Mark Ronson’s “Uptown Funk,” featuring Bruno Mars.
Persons: Elon Musk’s, National Music Publishers ’ Association —, Warner Music Group —, Aleta Trauger, X, Taylor Swift, Ariana Grande, Mariah Carey’s, Mark Ronson’s, , Bruno Mars, , ” Trauger Organizations: New, New York CNN, Elon, National Music Publishers ’ Association, Universal, Sony, Warner Music Group, X Corp, Court, Middle, Middle District of, CNN Locations: New York, TikTok, Rhianna, Funk, Middle District, Middle District of Tennessee
Co-CEOs Neil Blumenthal and Dave Gilboa of Warby Parker at the New York Stock Exchange on Sept. 29, 2021. Warby Parker — Warby Parker jumped about 4% after Evercore ISI upgraded the eyeglass retailer to an outperform rating, saying shares could rally more than 50% as the company's margins and revenue growth reaccelerate. Eli Lilly , Point Biopharma — Shares of Point Biopharma popped 85% after Eli Lilly announced it would buy the cancer therapy maker for $12.50 a share in cash, or roughly $1.4 billion. Warner Music Group — Warner added 3.5% after UBS upgraded the stock to buy from neutral. Emerson Electric — The industrial giant dipped 1% in premarket trading after UBS downgraded the stock to neutral from buy, citing the company's valuation and limited upside.
Persons: Neil Blumenthal, Dave Gilboa, Warby Parker, Warby Parker — Warby Parker, Eli Lilly, Biopharma, McCormick —, McCormick, Roth MKM, , Alex Harring, Sarah Min, Michelle Fox, Pia Singh Organizations: New York Stock Exchange, ISI, HP, Bank of America, StreetAccount, Warner Music Group, Warner, UBS, KeyBanc, Emerson
Check out the companies making the biggest premarket moves:Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight. The Wall Street firm cited improving market share trends and a better grasp on spending from management. Abbott Laboratories — Abbott Labs lost 2.5% following a Wall Street Journal report Friday that the Justice Department is investigating conduct at its infant-formula plant in Sturgis, Michigan. Tapestry — The Coach and Kate Spade parent slid 1.85% after being downgraded to equal weight from overweight by Barclays. The Wall Street firm's reasons included inflation creeping to higher household income brackets.
Check out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast. Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. Mesa Air Group — Shares of the airliner jumped 5% after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities.
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