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Spotify Stock Downgraded by Citi, as Podcast Competition Heats Up

Spotify shares sank 7.4% to $317.10 on Friday (Jan. 15) after a Citi analyst downgraded the stock after concluding that the streaming service’s podcasts have not had a positive impact on subscriber growth. The price recovered slightly over the day and closed at $317.81. Citi analyst Jason Bazinet believes Spotify is the only one of […]

ASCAP & BMI Responds to DOJ’s Consent Decrees Inaction: Read the Open Letter

ASCAP and BMI have fired off a formal response following the Dept. of Justice’s revelation that it has ended its ASCAP/BMI consent decree review without taking action, meaning the agreements governing how ASCAP and BMI operate will continue to exist exactly as they are now. In an open letter released Friday (Jan. 15), ASCAP CEO Elizabeth […]