Spotify: co warto wiedzieć

Universal Music Group confirmed Wednesday that it would be selling half of its 3 percent stake in Spotify — a deal worth as much as $1.4 billion based on the streaming service’s valuation as of April 29 — and thanks in part to Taylor Swift, all of UMG’s roster of artists stand to be cashing in too. Spotify w ten piątek staje się jednym z tematów przyciągających uwagę w kraju Poland.

Fakty

• Universal Music Group confirmed Wednesday that it would be selling half of its 3 percent stake in Spotify — a deal worth as much as $1.4 billion based on the streaming service’s valuation as of April 29 — and thanks in part to Taylor Swift, all of UMG’s roster of artists stand to be cashing in too.
• Taylor Swift's UMG deal could get the company's artists a big payout from UMG's sale of Spotify shares announced on Wednesday (April 29).
• Universal Music Group chairman and CEO Lucian Grainge said on Tuesday (April 29) in an earnings call that the company’s board had approved the sale of half of UMG’s equity stake in Spotify, and that a portion of the proceeds will go to UMG artists.
• How Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service.
• Credit where it’s due, as Music Business Worldwide reported back in 2016, with no legal requirement to do so, Warner Music Group and Sony Music Group had both committed to doling out some of the profits to the artists if they sold their Spotify stock.

Co wiemy

Szczegółowo, Taylor Swift's UMG deal could get the company's artists a big payout from UMG's sale of Spotify shares announced on Wednesday (April 29).

Konkretnie, Universal Music Group chairman and CEO Lucian Grainge said on Tuesday (April 29) in an earnings call that the company’s board had approved the sale of half of UMG’s equity stake in Spotify, and that a portion of the proceeds will go to UMG artists.

Co więcej, how Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service.

Warto zauważyć, że Credit where it’s due, as Music Business Worldwide reported back in 2016, with no legal requirement to do so, Warner Music Group and Sony Music Group had both committed to doling out some of the profits to the artists if they sold their Spotify stock.

Na tym etapie Sony sold first, selling off a portion of its Spotify stock after the IPO in April in 2018.

Liczby

Szczegółowo, Meanwhile, Swift famously removed her music from Spotify in protest of low payouts compared to album sales, with her music returning in 2017.

Konkretnie, At the time of her signing with UMG in November of 2018, Swift said that non-recoupable term on the Spotify stock sales “meant more to me than any other deal point.”

Co więcej, Universal Music Group Universal Music Group to Sell Half of Its Spotify Stake, Reports $3.3 Billion in Revenue.

Warto zauważyć, że Universal Music Group to Sell Half of Its Spotify Stake, Reports $3.3 Billion in Revenue.

Co mówią

“They have generously agreed to this, at what they believe will be much better terms than paid out previously by other major labels,” Swift wrote in 2018, giving her thanks to UMG CEO Lucian Grainge.

“I see this as a sign that we are headed towards positive change for creators,” Swift wrote of the stock terms back in 2018 after signing with UMG, “a goal I’m never going to stop trying to help achieve, in whatever ways I can.”

Kontekst

Warto zauważyć, że But none of that was accidental, as UMG artist Taylor Swift sings in “Mastermind.” In March 2018, UMG pledged to give artists a share in any future Spotify divestment, following similar commitments from Warner Music Group and Sony Music Group.

Na tym etapie the decision by UMG’s board to sell half of its Spotify stake follows UMG investor Pershing Square’s suggestion that the company make this divestment in a non-binding offer Pershing made for the company on April 7.

Szczegółowo, Years ago, as part of her negotiation process to sign with UMG, Swift demanded that the company pay out artists

Konkretnie, UMG confirmed it’d do the same nearly two years later, about a month before Spotify’s IPO.

Co więcej, Warner did the same a few months later, selling the company’s entire Spotify stake.

Podsumowanie

• How Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service.
• The decision by UMG’s board to sell half of its Spotify stake follows UMG investor Pershing Square’s suggestion that the company make this divestment in a non-binding offer Pershing made for the company on April 7.
• Years ago, as part of her negotiation process to sign with UMG, Swift demanded that the company pay out artists — regardless of debts they may have to the company.
• Zapytania zyskujące na popularności: Przetestowałem ChatGPT i Claude przy tworzeniu playlist Spotify. Zwycięzca jest jeden, Spotify z wielką nowością. Docenią wszyscy użytkownicy, Spotify z nową funkcją. Mocno ułatwi słuchanie muzyki, Spotify rozszerza funkcje. Tego nikt się nie spodziewał.