Chinese Streaming-Music Giant Files for $1 Billion U.S. IPO

Chinese Streaming-Music Giant Files for $1 Billion U.S. IPO   Tencent Music Entertainment Group, the online-music arm of China’s largest social-media company, filed for a initial public offering in a continuing surge of U.S. listings by Chinese companies. The music-streaming site listed its offering size as $1 billion in a filingTuesday with the U.S. Securities and…

Kanye West to Join Trump for White House Signing of Music Modernization Act

Kanye West to Join Trump for White House Signing of Music Modernization Act WASHINGTON — Kanye West will join President Trump at the White House on Thursday for a signing ceremony of the Music Modernization Act, a sweeping bill to reform music licensing and royalty payments long sought after by the industry and artists. Neil Portnow, the president and CEO…

Michael Jackson’s label and estate cleared over ‘fake’ songs lawsuit

Michael Jackson’s label and estate cleared over ‘fake’ songs lawsuit   Michael Jackson’s estate and record label have been cleared from a class-action lawsuit to determine whether three songs on the star’s posthumous 2010 album, Michael, were sung by a Jackson impersonator. Appeals court judges ruled in favour of Sony Music and the estate on…

Spotify market cap soars after news it’s directly licensing artists

Spotify market cap soars after news it’s directly licensing artists Spotify’s share price closed on the New York Stock Exchange at an all-time high on Friday (June 8) – pushing the company’s market cap comfortably above $30bn. The below market summary, courtesy of Google Finance, shows how Spotify’s stock price consistently climbed in the eight…