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 […]
Photo Credit: Unsplash One week ago, Warner Music Group (WMG) returned to the stock market in a big way, with investors pushing its per-share value up by more than 20 percent – and adding almost $400 million to its market cap – in a single day. But how has the Big Three record label’s public […]
An exterior shot of a NetEase office in Hangzhou, China. Photo Credit: Raysonho Chinese tech company and Tencent competitor NetEase is moving forwards with plans to launch an initial public offering (IPO) on Hong Kong’s stock market. NetEase officials announced the IPO’s details in a press release, which was shared with Digital Music News. As […]
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 […]
photo: Radek Grzybowski Shares of Live Nation continued their downward descent on Monday as broader live event cancellations now seem inevitable. Live Nation, which has already been forced to mass-cancel the entire month of March, now seems likely to broaden its blackout period. Accordingly, shares of LYV took another drubbing on Monday, part of a […]
Live Nation President & CEO Michael Rapino Live Nation’s president and CEO, Michael Rapino, as well as several Live Nation executives, have bought up a substantial number of shares in response to their company’s coronavirus-fueled price drop. According to SEC filings shared with Digital Music News this morning, CEO Rapino has just invested in 25,650 […]
Shares of Live Nation continued nosediving on Thursday, with coronavirus complications causing a valuation loss of more than $8.3 billion. The plunge is part of a very bad week on Wall Street, based on continued fallout from the worldwide coronavirus pandemic. But some companies are more exposed than others, and Live Nation — whose entire […]
Live Nation (LYV) stock performance over the past six months, ending on March 11th, 2020 (graph by Google Finance). Shares of Live Nation (LYV) took a nosedive on Wednesday as global coronavirus fears cripple concert touring and attendance. Just ten days ago, Live Nation CEO Michael Rapino downplayed coronavirus concerns, while pointing to a temporary disruption. […]
photo: Aditya Vyas Although Live Nation CEO Michael Rapino downplayed the probable impact of the coronavirus (COVID-19) on business operations just last week, the concert-promotion company’s stock value tumbled today as event cancellations—and refund requests—continued to accumulate. Live Nation, traded under the symbol LYV, closed at $52.99 per share on Friday. At the end of today’s […]
Warner Music Group owner Len Blavatnik was smart enough to spark a public offering last month — and wise enough to put it on ice this week. Blavatnik, the Ukrainian-born billionaire who presciently purchased Warner Music Group for $3.3 billion back in 2011, savvily decided to go public last month. With paperwork filed with the Securities and Exchange […]