gamesindustryblog.com
gamesindustryblog.com May 27, 2017


Spotify Is Looking to Go Public Before Year's End

07 April 2017, 02:27 | Muriel Sparks

Spotify Is Looking to Go Public Before Year's End

Spotify and Universal Music Partner to

It's also unofficially known that the new arrangement alters the financial terms between Spotify and the mega-major, though it's thought the more preferential rates the streaming firm has secured are dependent on it meeting certain growth targets. That approach would be different from an initial public offering, the more traditional route hot tech startups use to go public and raise money at the same time.

In 2015, Spotify was valued at $8.5 billion. As the Wall Street Journal points out, a direct listing involves a company putting its shares into a public exchange and letting buyers and sellers trade them at prices set by general supply and demand. But if Spotify pulls of a successful IPO that isn't an IPO, perhaps more local companies will follow in its footsteps. It's unclear whether a direct offering would satisfy the conditions of the loan.

At the same time, the smaller scope of a direct listing could fit Spotify's current needs.

TASER changes name in shift to software, services for police
The company may have initially made its name with the Taser device, but the move towards body cameras has been a lucrative one. For additional information on how to sign up for the offer please visit: www. axon .com/offer.

One question that's created by Spotify's move: What happens when an artist doesn't want to put their new work behind the premium wall? "To that end, the long-term success of Spotify, and others like it, is essential to the ecosystem's enduring health".

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.

On Tuesday, the company announced it had signed a multi-year global licence agreement with Universal Music Group which, according to industry analysts, is expected to reduce the amount of money paid to the record major for rights, and would thereby enable Spotify to generate its first profits. And as of now, the service has only reached this "windowing" deal with Universal Music Group and not Sony, Warner or EMI.



Other News

Trending Now

UFC 210 Embedded Episode 3
Before we can look at DC vs Rumble 2, let's revisit what happened in their first encounter back at UFC 187 (May 13, 2015). Johnson is coming off three consecutive KO/TKO wins, including a 13-second stoppage of Glover Teixeira previous year .

UN chief at Iraq camp urges more aid for people of Mosul
Townsend has delegated the right to approve bombings further down the hierarchy to allow a quick response to help Iraqi troops. Earlier this week, the Pentagon said it would deploy another 200 to 300 USA troops to help liberate the city.

Why scrapping the Clean Power Plan will not help the coal industry
Burning coal is twice as carbon-intensive as natural gas and is a main contributor to global greenhouse gas emissions. Under any reasonable scenario, achieving climate objectives depends heavily on reducing coal consumption.

Sensex sheds 133 points ahead of RBI policy decision
However, the market breadth remained positive as 1,469 stocks ended higher, 1,413 declined, while 137 ruled unchanged. Hawkish Fed minutes and anxiety ahead of a two-day meeting between USA and Chinese leaders also weighed on markets.

White House officials offer change to health care bill
Gallup finds majority back ObamaCare for first time Centrists push back on new ObamaCare repeal plan MORE (R-Wis.) told reporters. He said that when that occurred, the Democratic opposition would agree to work with him to change the healthcare system.

Historical marker dedicated to MLK at Memphis airport
That night, King delivered his now-famous " I've Been to the Mountaintop " speech at Mason Temple Church of God in Christ. Most of us - conservative and liberal - would likewise tune out or mock King's insistence on loving our enemies.

Georgetown hires Patrick Ewing as men's basketball coach
John's in 2015 despite never holding a college or National Basketball Association coaching position and is 22-43 in two seasons. Ewing was voted as the 16th best college player of all-time and is in the coveted National Basketball Association 50.

Now, Congress leader AK Walia quits over differences in party
He said that Pandey was not only "popular in his area, but he was also a choice of party workers at the grass roots". Delhi Congress released its first list of 140 candidates for the upcoming civic polls on Saturday night.

What Chelsea needs to win the Premier League - Conte
Hull climbed out of the relegation zone with a priceless 4-2 win over relegation rivals Middlesbrough at the KCOM Stadium. They have a lot of qualities. "We are almost there but there is a long way to go", Hazard told BT Sport after the game.

What the death of broadband privacy rules means
A VPN (virtual private network) adds security and privacy to the Internet, public and private networks and WiFi hot spots. Nonetheless, groups are now calling on Trump to make good on his populist campaign rhetoric by vetoing the legislation .