Spotify, the loss-making music streaming service, has signed a long-term licensing deal with Universal Music Group (UMG), which will put some new albums behind a temporary paywall.
"Starting today, Universal artists can choose to release new albums on premium only for two weeks, offering subscribers an earlier chance to explore the complete creative work, while the singles are available across Spotify for all our listeners to enjoy", Mr Daniel Ek, chief executive and co-founder of Spotify, said in a statement.
Under the new deal, Spotify, unlike its industry rivals, will get first dibs on music from some of the world's most popular artists. And as streaming became the dominant means of music consumption, UMG, like other labels, needed the service to convert more users of its controversial free tier into the subscribers that are fueling the recovery of the recorded-music business.
However, the move would allow Spotify to save on the pricey underwriting fees associated with an IPO, said WSJ sources.
In exchange, Spotify is getting a concession of its own: a reduction in royalty rates.
A normal IPO involves a company issuing shares of stock. And UMG, which accounted for 35.7 percent of the US recorded-music market in the first quarter of 2017, according to Nielsen Music, often sets the pattern for the structure of digital deals.
Spotify, which a year ago issued a 1 billion United States dollar convertible bond (£801 million), was publicly valued at 8.5 billion U.S. dollars (£6.8 billion) in 2015.
For Spotify, the deal removes a major obstacle to going public.
The ability to limit music to Spotify's paid tier may no longer be as valuable as it would have been a year ago, however.
Artist managers argue that they need to know more detail about the deals done between the labels and the streaming services, so that they can properly audit the streaming royalties their artists receive.
As fighting with ISIL rages in west Mosul , suicide attack on security checkpoint south of Iraqi capital also wounds 60. Mr Guterres said he would "focus on the dire humanitarian situation on the ground".
As leaders in the black community, they were very vocal about the changes needed for us to attain equal rights as USA citizens. His speech at Riverside raises: What are we going to do with what he said today? Perhaps a new spirit is rising among us.
Johnson takes another shot at the Ultimate Fighting Championship ( UFC ) light heavyweight gold against Daniel Cormier. Thirty-eight-year-old Cormier came out that contest victorious, defeating Johnson via third round submission.
Most of the Palestinians killed were carrying out knife, gun or car-ramming attacks, according to Israeli authorities. The statement said: "Moscow is deeply concerned about the state of affairs in the Palestinian-Israeli settlement".
The polarization between the major parties in Washington , D.C., has remained intense through President Donald Trump's election. Conservative advocacy groups separately have pursued a multimillion-dollar campaign backing Gorsuch.
That plan was meant to cut harmful carbon emissions by replacing coal-fired power plants with renewable energy sources. The order also seeks to relax other emissions standards for new coal power plants and natural gas operations.
McCAIN: "I think the circumstances indicate that there's a possibility that that request could have been politically motivated". President Trump, however, ordered more airstrikes against al-Qaeda in Yemen in February than any year in Obama's presidency.
McCAIN: "I think the circumstances indicate that there's a possibility that that request could have been politically motivated". The Daily Caller News Foundation Investigative Group published a report Monday quoting former U.S.
As awesome as that duo was in the 1970s, they have both agreed the greatest Knick of all-time is none other than Patrick Ewing . And he wanted a chance to show that his work ethic as a coach, just like his work ethic as a player, would lead him to success .
Proposition 2, an increase to the use tax paid by businesses by half a cent lost with 30,603 "no" votes to 27,363 "yes" votes. Four cities will ultimately be selected for expansion, with the first two set to be announced before the end of 2017.
It's the second train derailment in as many weeks and today, the state agency was unable to commit to a timeline for fix . Passengers on the train told NBC they felt a slight jolt, but no crash just before the train pulled into Penn Station.
Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. Two Sigma Securities LLC acquired a new stake in Plug Power during the third quarter valued at about $174,000.
YouTube TV also offers unlimited cloud DVR so you can record as many shows as you want simultaneously and watch them later. No official date for the inclusion of these new networks has been announced , but they will arrive "soon after launch".
In the United States, high-risk HPV among adults ages 18-59 was found at a staggering rate of 22.7 percent. The CDC recommends the HPV vaccine for young women through the age of 26, and for young men through 21.
In the Asian region, Japan's Nikkei ended 1.40 per cent lower, while Hong Kong's Hang Seng shed 0.52 per cent. In contrast, the BSE market breadth was marginally bullish - with 1,476 advances and 1,403 declines.
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Maximum and minimum EPS estimate for the current quarter is projected at $0 and $0, respectively, according to 1 analysts.
After the Benghazi massacre, which left four Americans, including a US ambassador, dead, Rice was paraded around the TV shows. How does incidental collection occur? The reports were likely based on routine surveillance of foreign officials.
Ryu was the only player among the top 10 Rolex World rankings to not have won a tournament for more than two years. However, it was noticed by a television viewer that she had incorrectly replaced a marked ball in her third round.
Critics of ObamaCare argue that consumers are stuck with a system that is forcing prices up, and reducing options. About one-third of Gila County residents rely on AHCCCS for their health care coverage.
The tech giant's executives took to the stage at the Samsung Unpacked 2017, in London this afternoon to launch the new Galaxy S8. The screen occupies approximately 80 percent of the phone's front, at least this is what the company claims.
In 2013, it was declared that the buyer could not afford the price and the diamond was put back in Sotheby's inventory. That sale collapsed because the buyer, diamond-cutter Isaac Wolf, never paid, and Sotheby's had to reclaim the stone.
The smartphone is priced at Rs 11,999 and will be exclusively available on Amazon India starting midnight (11:59:59 PM) today. Moto G comes with one Button NAV mode which allows customers to navigate the interface with swipes on the fingerprint scanner.