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HITS HIGH 5: SWEET STREAMS

With the mystery of who bit Beyonce solved, the music world turned its attention to Spotify and its direct listing on the New York Stock Exchange. There was other news, too, as our weekly HITS High 5 attest.

Spotify went live as a public company more than three hours after the opening bell rang Tuesday and the price wound up dropping from its opening of nearly $170 a share. It closed at $149.01 on its first day. Here’s what happened on Day 2 and Day 3. Not all predictions came true and, naturally, the idea of going public had its detractors

Paul Rosenberg’s Def Jam has enhanced its A&R squad.

Chris Stapleton could be head headed for his second Triple Crown at the 53rd annual Academy of Country Music Awards. 

The U.K. released figures on the gender pay gap at the major labels. Women are paid 29.8% less than men per hour at Universal, 22.7% less at Sony and 49% less at Warner.

In management news, Bernie Cahill and Greg Suess have launched Activist Artists Management, and Live Nation acquired Jonathan Wolfson’s company.

If the Spotify offering didn't satisfy your investment cravings, try these stocks.

 

THE BABE & THE MULE
Two big reasons IGA is #1 in marketshare. (8/6a)
YOUR TOP 20 FOLKLORE SEQUEL, WITH DABABY GROWTH AND A CASK
OF BRANDY
Stay awhile, Tay. (8/6a)
COUNTRY STREAMING IS A THING
It's more than just Luke Combs. (8/4a)
NOISEMAKERS: YOUR LATEST SAMPLE PACK
The kids are alright. (8/6a)
GRAMMY CHEW, ALBUMS: 30 FOR EIGHT
Thoughts while noshing six feet apart. (8/5a)
BTS BRINGS IT
They're so dreamy.
VOTE BY MAIL
It's a conspiracy, because everyone does it.
IS IT CHRISTMAS?
No, but we're thinking about cookies.
WOKE MUSIC
Protest songs that sound like now.
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