News comes three days after Spotify announced worldwide layoffs affecting 17% of its workforce
On Tuesday, Paul Vogel, CFO of Spotify, cashed $9.3m in shares – 24 hours after his company confirmed 1,500 layoffs. Tonight, Daniel Ek has announced Vogel is out.
Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms
October 11, 2024
The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies Source
Ticketmaster hit by ‘billions’ of bots in Oasis ticket sale, and 3 other things Michael Rapino said at Bloomberg’s Screentime event
October 11, 2024
The Live Nation CEO criticized scalpers saying there shouldn’t be “a middleman that has nothing invested in the business making any money from it.” Source
Downtown’s FUGA expands in ANZ region via new deal with Australia’s UNIFIED Music Group
October 11, 2024
Partnership will bolster UNIFIED’s distribution and marketing capabilities, and provide neighbouring rights services Source