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Digital Economy

Spotify plans to repurchase up to $1.0 billion of the company’s shares

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2 years ago

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Spotify Technology, the parent company of music streaming service Spotify, has announced a stock repurchase programme of up to 10,000,000 of the company’s ordinary shares, beginning in the third quarter of 2021.

The repurchase has been cleared by the company’s general meeting of shareholders, and approved by the Board of Directors with transaction up to the amount of $1.0 billion. The authorisation to repurchase will expire on April 21, 2026.

Shares of the company jumped 1.7% on Aug...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Digital Economy

Universal Music Central Europe and web3 start-up Centaurify partner to explore new forms of digital engagement with fans

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20 hours ago

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March 24, 2023

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Universal Music Central Europe (UMG) has partnered with web3 music company Centaurify to deliver a range of solutions for UMG artists who want to explore new forms of digital engagement with fans.

As part of the partnership, UMG will release a series of exclusive, limited-edition collectibles celebrating their artists' achievements. These collectibles "celebrate achievements in the artist's career and give fans a chance to own a piece of music history," according to UMG.

A UMG collectibl...

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Creative Industries

Calendar — Week 12, 2023

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1 day ago

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March 24, 2023

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MARCH 2023

– March 29

AIM Connected, the conference organised by the UK’s Association of Independent Music (AIM) will take place at the Barbican in London on Wednesday 29th March 2023.

APRIL 2023

April 27-28

c/o pop Convention 2023 in Cologne, Germany.

– April 28

Liverpool Sound City Conference & New Music Friday, at multiple locations in Liverpool.

MAY 2023

– May 3-7

BIME Pro & Live, held in the Creative District of San Felipe, in the heart o...

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Creative Industries

Quotes of the week — Week 12, 2023

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1 day ago

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March 24, 2023

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"Today, composers and songwriters are the first creative driving force in the streaming market: they shouldn’t be the last one to benefit from it […] We should ensure that the pie is shared in an equitable manner and that music authors receive a fair share.”By MEP Ibán García del Banco (S&D, Spain), rapporteur of the European Parliament’s report on 'Cultural diversity and the situation of authors in the European music streaming market', during his keynote speech at the 2023 C...

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