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WARNER HAS SOLD $400M OF SPOTIFY STOCK – AND SAYS IT WILL SHARE MONEY WITH ARTISTS AND LABEL PARTNER

Breaking news: Warner Music Group has cashed in $400m of Spotify shareholdings – worth around three-quarters of its total equity in the streaming company. The news comes less than a week after MBW revealed that Sony had liquidated half of its Spotify stock, from which it generated around $750m. In the past few minutes, WMG boss Steve Cooper told the major music company’s investors that the firm had “sold about 75% of our Spotify equity for approximately $400m”. .... The exec confirmed, for the first time, what Warner’s distributed label partners can expect as a result. “We’ll share these proceeds [the same way] we share revenue from actual streams and so-called digital breakage,” said Cooper

Rooftop Films Summer Slate 2018

Rooftop Films released the first round of titles screening in its popular summer series, including Robert Pattinson in David and Nathan Zellner’s “Damsel,” which will make its New York premiere in Brooklyn’s Green-Wood cemetery. The series features a slew of the year’s most highly-anticipated festival favorites, including Bart Layton’s “American Animals,” and Crystal Moselle’s “Skate Kitchen,” and a sneak preview of Carlos López Estrada’s “Blindspotting,” starring “Hamilton” actor Daveed Diggs. “Rooftop Films is famous for creating fun, custom-curated, large-scale events that augment the experience of watching our favorite new films,” said Dan Nuxoll, Artistic Director of Rooftop Films. “Thi

 

Julian Schubach is an Investment Advisor Representative of Nosuris, Inc., a New York State Registered Investment Advisory. Investment Advisory Services are offered through Nosuris, Inc., a NYS Registered Investment Advisory. Please visit www.Nosuris.com for additional disclosures. Check the background of this firm on FINRA’s BrokerCheck.

©2016 by Julian Schubach