Music Industry News

Liberty Media ‘Special Purpose Acquisition Company’ Schedules $500 Million IPO

The Liberty Media logo. Liberty Media, which owns the Atlanta Braves, about one-third of Live Nation, and approximately 70 percent of SiriusXM, has officially rolled out a $500 million IPO for its newly formed “special purpose acquisition company.” Colorado-headquartered Liberty Media announced the pricing of the half-billion-dollar IPO (consisting specifically of 50 million units at […]

Music Industry News

Spotify Stock (SPOT) Is Holding At $250 Per Share — But What’s Next?

Spotify stock (SPOT) closed at $249.80 today, essentially splitting the difference between financial analysts’ high and low target prices. Consequently, many investors are speculating as to whether the shares are set to continue ascending – or experience a major decline – across the remainder of 2020. In spite of the COVID-19 pandemic and its devastating […]

Music Industry News

Live Nation CEO Buys $1 Million Of His Own Stock, Loses $250,000 In 4 Days

Live Nation (LYV) stock performance; shares finished at $29.50 on Wednesday. Shares of Live Nation (LYV) took another pronounced plunge today, with shares dropping nearly 13% by the closing bell.  That’s bad news for recent bottom-buyers, including Live Nation’s own CEO. It was a bold-and-daring move designed to inspire confidence among investors and fellow executives […]