REUTERS NEXT-NFTs next hit may be music industry, former manager for Elton John, Beyonce says [Reuters]
Roblox Corporation Class A (RBLX)
Company Research
Source: Reuters
Dec 2 (Reuters) - As a former music manager who once counted Elton John, Beyonce and Guns N’ Roses as clients, Merck Mercuriadis has an eye for talent and a knack for identifying trends. As streaming services such as Spotify and Apple Music gained mainstream popularity, Mercuriadis formed the Hipgnosis Songs Fund to acquire music rights. The fund, which went public in 2018, has invested $2.5 billion acquiring the publishing rights to 64,000 compositions from such hitmakers as Timbaland, Fleetwood Mac’s Lindsey Buckingham, The Pretenders’ Chrissie Hynde, Rick James and Neil Young. Now he is looking at another emerging technology for music: non-fungible tokens, one-of-a-kind digital assets - frequently artwork, photos, videos or digital files - that are traded on the blockchain. Mercuriadis said the blockchain, which keeps a ledger of transactions across a network of computers, can bring a new level of transparency to music royalties. “Someone like Nile Rodgers, whose songs have done in
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News
- Roblox (RBLX) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Roblox Stock Has 33% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- Roblox Co. (NYSE: RBLX) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.MarketBeat
- Roblox upgraded, Qualcomm initiated: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Roblox Co. (NYSE: RBLX) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $48.00 price target on the stock, up previously from $41.00.MarketBeat
RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 4/24/24 - Form 144
- 4/18/24 - Form 4
- 4/17/24 - Form 4
- RBLX's page on the SEC website