Spotify will host an investor day at the company’s New York City office on June 8 at 10 a.m. EST, the company announced Monday (May 9). This will be streamers’ first investor day since going public in 2018.
The event will feature a series of presentations from Spotify CEO Daniel Ek, CFO Paul Vogel and other members of the leadership team, followed by a live Q&A focused on the progress Spotify has made since its direct listing in April 2018 along with its current roadmap and future growth opportunities.
A live webcast of the investor day will be available at investors.spotify.com, while in-person attendance is by invitation only due to limited capacity. Additional details will be sent out in advance of the event.
The investor day was announced as Spotify stock reached an all-time low of $93.52 on Monday, amid an overall decline in the market that affected other music company stocks including iHeartMedia and MSG Entertainment. The streamers’ share prices eventually closed at $94.44, down 9.8% from Friday.
Little more than a year ago, on Feb. 22, 2021, Spotify stock was trading at an all-time high of $387.44. The company’s first-quarter earnings release on April 27 didn’t help the downward trend, after showing slower-than-expected subscriber growth in the quarter and offering a disappointing outlook for the second quarter.
Last Thursday, Ek demonstrated his support for the company by announcing on Twitter that he’d bought $50 million of Spotify stock. “I believe our best days are ahead,” he wrote at the time. The following day, Spotify’s share price rallied briefly — from the previous day’s close of $105.59 to $108.98 in early morning trading — before closing the day down slightly at $104.65.
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On May 7, Kyary Pamyu Pamyu took the stage at Line Cube Shibuya in Tokyo for her first concert since returning to Japan after her first-ever performance at the Coachella Valley Music and Arts Festival and a sold-out headlining gig at the Fonda Theatre in Los Angeles last month.
The J-pop icon resumed her 10th-anniversary domestic tour titled 2022 CANDY WAVE, charming fans who flocked to the venue with a voluminous set mixing old and new songs from her ten-year career.
Addressing the crowd in-between songs, the “Ninja Re Bang Bang” singer shared a memorable experience from her stint at Coachella. She said that while she had always dreamed of performing at the world-famous music festival, she was worried whether people would show up for her show since her time slot coincided with Billie Eilish and 21 Savage.
She went on to say that one of her dancers pulled her aside on the night before and told her, “It’ll be OK, Kyary. We’ll be standing with you on stage, so you’re not alone. Just do what you always do!” which brought her to tears.
The “Fashion Monster” artist also revealed that she ended up having to perform all by herself on Weekend 2 because her dancers experienced health issues. Performing completely alone was a first-time experience for the ten-year pop veteran, and she shared that she wrote the initials of her dancers on her hand to show solidarity with them before going on stage. She then thanked fans for giving her energy during the current tour, noting that she wouldn’t have been able to pull off her Coachella set if it hadn’t been for their love and support.
The “Kizunami” singer also announced that her current 10th anniversary tour will wrap with a concert at the historic Nippon Budokan on Oct. 19. Pre-sale tickets for fan club members are available until May 16. The next round of pre-sale tickets will be available on Kyary’s official website from May 20 at 6 p.m. Japan time.
One of the most significant byproducts of the streaming era has been the increasing number of ways that artists can make money outside the traditional record label system. But there’s often less attention paid to the actual ramifications of artists choosing to go that route — and the roles that distributors, managers, digital marketers and others play in filling that gap while using the data offered by digital service providers to help an artist succeed in whichever way they choose.
That was the topic of the panel “Navigating New Strategies: How A&R, Artist Marketing & Distribution Come Together in the Age of Streaming” at the Music Biz 2022 conference on Monday (May 9). Moderated by Label Logic co-founder, digital strategy Jay Gilbert, the panelists — Rareform co-founder Hallie Anderson, Alchemy Artist Services co-founder Kaitlyn Parmenter and Symphonic Distribution head of client marketing Michael Burrows — discussed not just the need for the artist to be more involved in the telling of their story, but the increased responsibilities placed on a manager, the importance of having a positive relationship with your distributor and the critical importance of having a consistent flow of content that can be packaged and released across all platforms where fans congregate, whether that be a music video on YouTube or a series of clips for TikTok.
Which makes it all the more important for a distributor like Symphonic or companies like Rareform and Alchemy to be able to work with an artist to optimize and maximize that artist’s content. “Everyone in the puzzle has to be about helping the artist through that process,” said Burrows.
That often starts with the manager — “one of the jobs that is ever-changing and never gets less stressful,” said Parmenter — but it no longer has to only start there. “Now more than ever an artist has to see themselves as the CEO of their brand,” Parmenter added. “The order in which you should set your team has also changed… [If you’re starting out], make your first hire a content creator or digital strategist before a manager.”
That helps with engaging and growing an audience, but managers are still essential — and the panelists largely agreed with a Billboard story earlier this month suggesting that with all that managers are responsible for these days, the standard 20% of income is almost too little given their importance. “The days of an artist needing to have a label are behind us,” Anderson said. “The problem is, a label would handle a lot of things for a manager.” That means a manager needs to manage teams and a budget, build out a radio team and know a little of everything — touring, what a label does, publishing, digital media and advertising — because there are so many more potential income streams, she pointed out.
That also means having a well-crafted story to tell and aligning all aspects of a campaign’s creative in order to tell it — video content, social media engagement, digital marketing and more — while also telling it in a consistent way, beyond just impacting release week. “The Weeknd doesn’t need marketing drivers to get a song featured,” Burrow said at one point, referencing the need to continue to create reasons for DSPs and others to feature and engage with an artist or song. “But a lot of us in the independent world do.”
And that can mean leaning into the data that can be gleaned through social platforms or DSPs, and having an intentional strategy for each move you make. (As Anderson pointed out, if an artist is trying to move into an international market, “If you’re not investing in that market, why should that market invest in you?”) It also means being able to get ideas across that connect back to the story the artist is trying to tell. “Playlisting is not a career strategy, it’s a reward for doing everything right — and sometimes even then it won’t work,” said Parmenter. “If you don’t have anything going on to talk about, create something to talk about. And if it connects to the song, that’s a driver.”
What it often comes down to is how to parse data, use it to tell the story of a song or release and take advantage of the tools available to you — often for free through the DSPs when using Spotify for Artists or the similar back-end tools at Apple, Amazon and the rest — without losing sight of the fan connection that underpins the entire relationship between an artist and their listeners. And that’s all while trying to take as much of the lift off of the artists themselves so that they can do their biggest, most important job: create.
“I’m here to help maximize it but not to create it,” Anderson said. Added Parmenter, “How can we help you keep up with the demand? … We’re here to make it easier and to optimize.”
As the title of their latest music video to hit a billion views may suggest, nobody can drag One Direction down — even all these years later.
The music video for the group’s “Drag Me Down,” which was released in 2015, has officially passed the milestone of one billion views on YouTube, seven years after its release. The song was the group’s first music video without Zayn Malik, who left the group in March 2015.
In the “Drag Me Down” video, Harry Styles, Louis Tomlinson, Niall Horan and Liam Payne explore NASA. Zayn gave his former band the stamp of approval. “Proud of my boys the new single is sick,” he tweeted.
“Drag Me Down” peaked at No. 3 on the Billboard Hot 100 songs chart on August 22, 2015, two days after the video was released. The song spent 20 total weeks on the chart. Made in the A.M., One Direction’s first album as a foursome, featured “Drag Me Down” as well as fan favorites “Olivia,” “Perfect” and “History.” The album made No. 8 on the 2016 year-end Billboard 200 albums chart.
The billion views milestone for “Drag Me Down” comes just four years after the group’s debut music video for “What Makes You Beautiful” also joined the billion views club.
Soak in the nostalgia for the good ol’ days of 1D and watch the “Drag Me Down” music video below.

