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Two Major Labels Looking at Gaining 1 Billion Selling Stakes in Spotify

radiofacts.comRecently, two of the major Waner Music Group and sold several of their stakes in Technology SA that will net over 1 billion in profit. Warner sold 75% for 400 Million and Sony sold 750 million which accounts for half of the company’s stake. The move by to invest was a wise one according to analysts who reference the massive layoffs over the years. Those same have seen a huge increase in profits because of streaming. The are able to use the money to pay their artists along with having the extra cash on hand in the event they want acquisitions.  Spotify granted the equity several years ago when it was a fraction of the current value.

 



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