4Īnd now, less than three months after the initial stock dump, Warner Music Group has joined Merlin in the “total divestment club.” Independent Record Label Global Digital Rights Agency sold 100% of its shares.Warner Music Group sold 75% of its shares.Within one month after Spotify’s shares first traded publically in the United States (April 3, 2018), the labels immediately started dumping their shares. On Tuesday, August 7, 2018, in an earnings call with stock analysts, Warner Music Groups revealed that it had now sold all of its holdings of stock in Spotify, realizing $504 million. Everybody knows this.Įxcept, it appears, the record companies. Streaming is the future of the music business. Fundamental company data provided by Morningstar, updated daily.Guest post by Stephen Carlisle of NOVA Southeastern University Stock quotes provided by InterActive Data. The gurus listed in this website are not affiliated with, LLC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Past performance is a poor indicator of future performance. In no event shall be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on, or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Gurus may be added or dropped from the GuruFocus site at any time. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Under no circumstances does any information posted on represent a recommendation to buy or sell a security. This investment adviser does not provide advice to individual investors. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. is not operated by a broker or a dealer.
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