Spotify filed to go public last week. This could mean big bucks for some investors, but how could it affect artists on the streaming platform? DJ and entrepreneur Mick Batyske joins Cheddar to discuss.
If Spotify hits its $23 billion valuation, music labels could make hundreds of millions of dollars. Batyske hopes music labels will share this wealth with artists, but he is not too confident they will. Batyske is excited by Spotify going public because he believes it will give even more legitimacy to streaming and alternative platforms. Batyske is hopeful for a future where artists have more access to streaming platforms and can avoid having to go through big labels.
When asked what his favorite streaming service is, the DJ said Spotify is his top choice.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
