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Bonds Rise on Treasury Sale; Asian Stocks to Fall: Markets Wrap

Bonds Rise on Treasury Sale; Asian Stocks to Fall: Markets Wrap
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Honeycomb Asset Management LP Invests $4 70 Million in Spotify Technology S A (NYSE:SPOT)

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. […]

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Spotify Hit With FTC Complaint by Songwriters Association Over Royalties

Spotify Hit With FTC Complaint by Songwriters Association Over Royalties
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Spotify Hit With FTC Complaint by Songwriters Association Over Royalties

(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

New yorkUnited statesLina khanBloomberg businessweekUs federal trade commission onSpotify technologyNational music publisher associationTrade commissionRoyalty boardMechanical licensing collective

Mmbg Investment Advisors CO Purchases Shares of 1,200 Spotify Technology S A (NYSE:SPOT)

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 […]

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