YG Entertainment’s Stock Falls Following iKON’s Drug-Fueled Scandal

Shares of YG Entertainment slipped on news that K-Pop star Kim Hanbin — founder of iKON — is leaving after a drug scandal. The 22-year-old star made the announcement today after reports surfaced that the singer had purchased marijuana and LSD in 2016. … Continue Reading

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BTS Agency Big Hit Entertainment Valued at More than $1 Billion

Not only is K-pop band BTS hitting it big, but so is the agency that represents them. Just recently, Big Hit Entertainment was valued at more than $1 billion — on the low end. The Hyundai Research Institute has estimated that Big Hit was worth somewher… Continue Reading

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Eventbrite President Andrew Dreskin Is Out — and Dumping Millions In Company Stock

Recent SEC filings reveal that exiting Eventbrite president Andrew Dreskin is dumping more than $2 million in Eventbrite stock. Eventbrite announced its quarterly earnings data on May 1st, missing analyst expectations by $0.05. Revenues were $81.30 mil… Continue Reading

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Zacks Investment Research Lowers Its Sirius XM (SIRI) Rating to SELL

Sirius XM (SIRI) has been posting healthy subscriber increases since 2010. But slowed growth projections have caused Zacks Investment Research to re-assess the stock for 2019, dropping it from HOLD to SELL. A memo released on Friday reveals that Zacks … Continue Reading

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Tencent Music Entertainment’s Rising Stock Briefly Makes Co-Presidents Billionaires

For a brief moment, Tencent Music Entertainment’s shares had made new billionaires. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively volatile. Despite opening at $13 per share, the company’s stock quickly… Continue Reading

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Deutsche Bank Values Universal Music Group at $33.3 Billion — Higher Than Its Parent Vivendi

It’s the perfect time to sell — a 50% stake, that is. Universal Music Group woke up a lot more valuable this morning, at least in the eyes of Deutsch Bank.  On Monday morning, the Frankfurt-based investment banking and financial services conglomerate s… Continue Reading

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Just Days After MKM Says ‘Buy,’ Spotify Jumps 10% In NYSE Trading

Spotify’s ‘non-IPO’ may have caused an exaggerated fall. After a deliriously bad December, shares of SPOT are actually bouncing back.  And MKM Partners analyst Rob Sanderson may have called the comeback. Of course, there’s always next week.  And the we… Continue Reading

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Is Spotify Now a Great Bargain? Why One Wall Street Analyst Is Screaming ‘Buy!’

This could go one of two ways… Spotify’s stock has been brutalized of late, with a near-50% plunge ahead of the New Year.  After flirting with $200 over the summer, SPOT was just points away from dropping below $100 in late December. But maybe SPOT has… Continue Reading

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Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof

Spotify’s non-traditional ‘direct offering’ was once lauded as genius. Now, it’s complicated. Spotify’s ‘non-IPO IPO’ bucked one of Wall Street’s most cherished traditions, and minted billionaires overnight.  And as Spotify’s shares soared towards $200… Continue Reading

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