Spotify pursues refund of newly higher royalty payments [Seeking Alpha]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Seeking Alpha
Spotify pursues refund of newly higher royalty payments - Spotify Technology S.A. (NYSE:SPOT) | Seeking Alpha Tech Spotify pursues refund of newly higher royalty payments Jun. 21, 2019 3:10 PM ET | Spotify Technology S.A. (SPOT) Jason Aycock Spotify ( -0.6% seeking a refund The U.S. Copyright Royalty Board set new rates last year, a decision that's been appealed by Spotify as well as Amazon.com, Google and SiriusXM/Pandora. That increase would see streaming payments rise by 44% or more over four years. “While the appeal of the CRB decision is pending, the rates set by the CRB are current law, and we will abide by them — not only for 2018, but also for future years in which the amount paid to publishers is set to increase significantly," Spotify says. "Rather than collect the 2018 overpayment immediately, we have offered to extend the recoupment period through the end of 2019 in order to minimize the impact of the adjustment on publishing companies.” National Music Publishers Associati
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News
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Benchmark Co. from $290.00 to $325.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify (SPOT) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Taylor Swift's New Album Rollout Has Spotify, Social Media Companies And More Fighting For Swiftie Attention [Forbes]Forbes
- Spotify Says 25% of US, UK, Australia Subscribers Try Audiobooks [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Raymond James from $260.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
SPOT
Earnings
- 2/7/24 - Miss
SPOT
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/7/24 - Form 144
- SPOT's page on the SEC website