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Buy or Sell? Spotify Stock Price Targets Upped by Analysts With Differing Recommendations

Guggenheim Partners and Morgan Stanley have nearly a $10 billion difference between their valuation, largely rooted in forecasts on the streaming platform’s podcast strategy. Spotify is getting great reviews on Wall Street, even though analysts don’t agree on the company’s value. Leading firms Guggenheim Partners and Morgan Stanley have nearly a $10 billion difference between...

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How We Work Now: LMG Las Vegas Senior Operations Manager Troy Staton

In a series amid the coronavirus pandemic, Billboard is asking individuals from all sectors of the music business to share stories of how they work now, with much of the world quarantined at home and unable to take in-person meetings, attend conferences or even go into the office. Submissions for the series can be sent...

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How We Work Now: Academy of Country Music CEO Damon Whiteside

In a series amid the coronavirus pandemic, Billboard is asking individuals from all sectors of the music business to share stories of how they work now, with much of the world quarantined at home and unable to take in-person meetings, attend conferences or even go into the office. Read the full series here. This installment...

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Marc Geiger Negotiating Exit From WME

The agency’s head of music is leaving amid an internal reorganization at WME. WME’s head of music Marc Geiger is negotiating his exit from the agency he helped build into a concert and festival powerhouse, Billboard has learned. The change atop the music department comes during an internal reorganization at WME, which like other agencies...

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No Audience? No Problem. Full Production Concerts Are Returning to Empty Venues

Shows like Jason Isbell at Brooklyn Bowl Nashville and Rauw Alejandro at El Coliseo de Puerto Rico in San Juan are a stopgap investment in a stalled live music industry. On May 15, Jason Isbell celebrated the release of his latest album, Reunions, with his band the 400 Unit by christening the stage at the...

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South Korean Cities Using Tracing Apps to Restart Nightlife: ‘I Think Our Customers Feel Safer’

New infections lead the government to require clubbers to show QR codes on mobile phones at the doors. In early May, health officials in Seoul, South Korea, traced a spike in coronavirus infections to reopened nightclubs in one part of the city. Now, in an effort to help rein in future outbreaks, authorities have begun...

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A2IM Indie Week Explores US Policy: From Trade Deals to Radio Deregulation & More

While the United States doesn’t have a performance right for master recordings except for digital transmissions, U.S. officials are including that issue and a variety of other copyright improvements in trade negotiations with other countries, like Canada and the U.K., according to RIAA senior vp George York. How trade agreements could impact music industry renumeration...

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IFPI Opens First Office in Africa as Industry Pushes Deeper Into the Continent

Angela Ndambuki, a lawyer specializing in intellectual property, will lead the office in Nairobi, Kenya. The IFPI has opened an office in Kenya, its first regional outpost in Africa, at a time when major labels and streaming platforms are increasing their focus on the continent’s music potential. To head the office, which is based in...

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Spotify’s Latest Podcast Deals Have Helped Drive Market Value Up 39%

Investors are bullish on the streaming service’s plans with Kim Kardashian, Joe Rogan and Warner Bros. Spotify’s hard push into the podcasting business, culminating this week with two major deals, is proving to be music to investors’ ears. Between Wednesday’s announcement of Spotify’s deal with Kim Kardashian West and Thursday’s (June 18) news of a...

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A2IM Indie Week Dives Into Data: Mechanical Licensing Collective, What Numbers Matter Most & More

In the third quarter of this year, the still-being built Mechanical Licensing Collective (MLC) plans to launch its portal so that music rights holders will be able to scrutinize its data to ensure their copyrights are correctly listed — a key ingredient in making sure everyone receives proper renumeration from streaming services. That was one...

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