In Turn Of Events Twitch, Music Publishers Announce Collaboration [Forbes]
Roblox Corporation Class A (RBLX)
Company Research
Source: Forbes
Music publishers, Twitch form a new partnership.Future Publishing via Getty ImagesThe National Music Publishers Assn. and Twitch announced an agreement to build partnerships between music publishers and the interactive livestreaming service. The deal paves the way for the economics of new gaming models to increase visibility and revenue for songwriters, many of whom are struggling with drastically reduced payouts in the streaming era.The partnership comes after the NMPA in June came after Twitch, with president and CEO David Israelite calling out the service for “attempting to hide behind the DMCA safe harbor” at the NMPA’s annual meeting. Israelite at the time said Twitch should “serve its users by fully licensing music which would allow the platform to flourish and copyright owners to be properly compensated.”Now the two are working together. Going forward, music publishers will be offered an opt-in deal with Twitch that enables collaborations that could benefit both the gaming expe
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News
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- 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
- Roblox Co. (NYSE: RBLX) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $53.00 price target on the stock.MarketBeat
- Embracer Decides To Split Up, Names New Companies Things Like 'Middle-earth Enterprises & Friends' [Yahoo! Finance]Yahoo! Finance
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