RUMOR MILL
Friday, October 13, 2017
REPORT: 40% REVENUE GAIN AT SPOTIFY
Spotify’s revenue in the first half of the year hit $2.2 billion and is on pace to hit $4.5b this year, growing 40% over 2016, according to a report at The Information.
Gross margins are 22%, up from 15% in 2016 but the company is still reporting a loss of between $118.4m and $236.8m, The Information reported based on individuals who shared data Spotify supplied investors. The belief, and this is what is making investors bullish on the company, is that recently struck deals with major music labels may help Spotify.
As reported before, the company has grown to about $16b in value.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|
A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
