Spotify planning direct listing that stops short of IPO
According to Spotify, the new agreement will also provide UMG with "unprecedented" access to data, which it is expected to use to develop new tools to further its engagement with music fans.
Spotify, a rival to Apple Music, has yet to report a profit as it expands, but is under pressure from some artists who have boycotted the usually free service and needs to show investors it can generate cash as it considers a USA listing. According to the the Recording Industry Association of America (RIAA), in 2016, paid subscriptions generated significantly more revenue, at $2.5 billion, compared with only $469 million in revenue from free on-demand streaming services, including the free version of Spotify.
Advertisers flee Bill O'Reilly's show but impact unclear
In response to the Times report , O'Reilly's said Saturday that he is "vulnerable to lawsuits" because of his high-profile job. Bill O'Reilly, the popular Fox News host embroiled in controversy over sexual harassment claims, is coming to Baltimore.
"Spotify needs to create a strong narrative for Wall Street if it is going to IPO successfully". The Swedish company is targeting a public valuation of more than $10 billion, the people said. It's unclear whether a direct offering would satisfy the conditions of the loan. Instead, Spotify is considering a direct listing without raising any new capital.
Music streaming service, Spotify has signed a long-term deal with the world's biggest record label, Universal Music Group. Spotify could still choose to go with a traditional IPO, as the lack of precedent for direct listing could pose some risks for the company.
How the MLS stadium vote failed — MAP
Louis stadium vote now a failure, MLS is likely to look at other Midwestern opportunities, including Cincinnati and Indianapolis. SC STL chairman Paul Edgerly said people "worked hard" and that the group was "disappointed for St.
While there was speculation earlier this year that Spotify's IPO may slip to 2018, going public this year remains a real possibility for the company, which has been watching the market reception for Snapchat's IPO among other indicators. The financial terms of the UMG deal are unsurprisingly private, but most reports are running with the assumption that Spotify has secured some kind of discount on its rates. And as of now, the service has only reached this "windowing" deal with Universal Music Group and not Sony, Warner or EMI.
McIlroy says would think twice about golfing with Trump again
Yet this course is also the site of his worst nightmare - when Spieth put two in the water on No. 12 to card a quadruple bogey. The 23-year-old world number six has one win and two runner-up finishes in his three Masters appearances.
Hillary Clinton's Nephew Signed A Modeling Contract-And Here He Is Shirtless!
For the commencement address at his graduation, Uncle Bill's oratory skills were called on to mark the big day. He recently moved to NYC to pursue his budding modeling career.
Nearly half of US adults infected with genital HPV
High-risk HPV causes cancer in in different areas of the body including the cervix and vagina for women and the penis for men. Some develop genital warts, but the infection generally goes away on its own and many people never have health problems.
Federal Judge Blocks Indiana Abortion Ultrasound Mandate
Indiana Attorney General Curtis Hill said in a statement that his office is considering the next steps in the case. Making positive moves on the pro-choice front, the IN ultrasound mandate was blocked because U.S.
The House Trump-Russia Investigation Is Collapsing
Trump suggested late Monday that the House panel should investigate Bill and Hillary Clinton's dealings with Russian Federation . His voice rising, Spicer told Ryan, "At some point you're going to have to report the facts".
Plug Power Inc (PLUG) Stock Skyrockets on Amazon.com, Inc. (AMZN) Deal
According to what the company said on Wednesday, Amazon.com Inc (NASDAQ:AMZN) had acquired the right to purchase 23% of Plug . Revenues associated with the commercial agreements are expected to be around $70 million in 2017, states the company release.
Israel 'studying' Russian statement on Jerusalem recognition
The paramedics eventually pronounced the young Israeli who was critically injured dead. The incident took place next to a bus stop outside Ofra, north of Ramallah.
Call for EU and China to drive climate change fight
During his campaign for the USA presidency, Trump vowed that if elected he would scrap U.S. participation in the Paris Agreement. The views expressed in these articles are the author's own and do not necessarily reflect Mint Press News editorial policy.
Body-camera maker offers 1-year trial to police agencies
The company may have initially made its name with the Taser device, but the move towards body cameras has been a lucrative one. Our mission is to protect life. "You didn't know you needed it, but once you had it, you're like, I'm not giving this back".
Pakistan call up teenage leg-spinner Shahdab Khan for Windies tests
Brathwaite also flopped in the Tri-Nations Series in Zimbabwe last November with 42 runs in three outings and just six wickets. West Indies are scheduled to play Pakistan in an ODI series followed by Tests, which coincides with the IPL.
YouTube's streaming TV service is finally live
It's a sign that, before fully going against experienced competitors, YouTube TV will be fine-tuned before a nationwide release. When announced , YouTube TV boasted 40 networks as well as local programming from area news channels and weather services.
Apr 06 2017