Live Nation Shows Off Healthy Q2 2019 Earnings — And Says Smaller Artist Tours Are Booming

Live Nation has posted encouraging Q2 2019 profits — and Wall Street is taking notice. Having secured earnings equal to $.41 per share during the second quarter of 2019, Live Nation was able to top the $.39 per-share earnings that experts predicted. It… Continue Reading

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No Spotify or Slack Here — iHeartMedia’s Shares Fall as Much as 7% on Its First Day on NASDAQ

Emerging from bankruptcy, iHeartMedia returned to Wall Street yesterday morning. Unfortunately, the nation’s largest radio broadcaster wasn’t exactly welcomed with open arms. Now trading under “IHRT” on NASDAQ, investors swiftly punished the stock shor… Continue Reading

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7digital’s CEO and CFO Exit as Dire Financial Situation Continues

7digital CEO John Aalbers has stepped down as director and CEO of 7digital. He joined the B2B digital music platform less than four months ago. CFO Julia Hubbard is also departing the company, effective immediately.  The move was cited as a cost-cuttin… Continue Reading

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iHeartMedia Withdraws Its Estimated $1.5 Billion Public Offering

iHeartMedia has withdrawn its IPO in favor of a NASDAQ listing. Instead of the expected IPO, iHeartMedia has received approval from NASDAQ to be listed and traded on the stock exchange. The Class A stock is expected to be listed on July 18th, and its s… Continue Reading

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Guggenheim Partners Is Extremely Bullish on Spotify’s Podcast Expansion, Citing App Install Increases

While Spotify struggles to become a profitable company, a number of Wall Street analysts see podcasts as a safe bet. Spotify’s most recent financial results emphasized just how much of a focus podcasts will have in the company’s future. Spotify plans t… Continue Reading

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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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