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Honeycomb Asset Management LP bought a new position in Spotify Technology S.A. (NYSE:SPOT – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 25,000 shares of the company’s stock, valued at approximately $4,698,000. Spotify Technology accounts for about 1.1% of Honeycomb Asset Management LP’s portfolio, making the stock its 25th biggest holding. […]
Spotify Hit With FTC Complaint by Songwriters Association Over Royalties bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The National Music Publishers’ Association, a trade group that represents music publishers and songwriters, filed a complaint with the US Federal Trade Commission on Wednesday about Spotify Technology SA’s decision to provide audiobooks to subscribers, which resulted in reduced royalty payments to songwriters.The audiobooks addition gave Spotify leeway to reclassify its premium subscription offering as a “bundle.” Under a complicated system set by the US Copyright Royalty Board, t
Mmbg Investment Advisors CO. purchased a new stake in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,200 shares of the company’s stock, valued at approximately $225,000. A number of other hedge funds have also bought and sold shares of SPOT. J.P. Morgan Private […]