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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.

 

REVENUE CHART:
MONEYBAGG’S DOUGH
His first stop at the top (5/6a)
TOP 20: SO NICE THEY NAMED IT TWICE
Khaled gets another party started. (5/6a)
TRILLER, SOUNDCLOUD LAUNCH PLATFORM INTEGRATION
A heartwarming virtual hook-up (5/6a)
A ZHU-PHORIC NIGHT
Vaxxed and masked, Nicole ventures out. (5/6a)
BROADWAY REOPENS THE BOX OFFICE
The Great White Way begins to repopulate. (5/6a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
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