Headlines: Warner's IPO Highlights Streaming's Investment Impact

  in Industry News

May 26, 2020

Speculation that Warner Music Group might pull its planned IPO amidst recent market turmoil proved false, as the label roared out of the Memorial Day weekend with a potential $13.3 billion valuation. Before the break, Spotify made a $100 million podcast play, and a startup opened its artist credits database for all. 

Warner Music Launches Its I.P.O. (NYT)

Warner’s I.P.O. reflects a revitalized industry. The global recorded music business had $20.2 billion in revenue last year, up from $14 billion in 2014.

Spotify's $100M+ Joe Rogan Deal Refines Its Podcast Strategy (MBW)

Both record labels (and artists) and music publishers (and songwriters) should be watching the Joe Rogan deal – and Spotify’s current predilection for spending big on exclusive podcasts – very closely.

Jaxsta Aims to Bring Back Liner Notes, and Create an IMDB for Music (Variety) 

Jaxsta seeks to provide a broader array of information, including current chart data from around the world, industry awards, a calendar of industry events and other info on the world’s top 20 music markets.