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.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
