music streaming Archives - CFO

Music Streamer Settles SPAC Fraud Case

Risk & Compliance

Music Streamer Settles SPAC Fraud Case

Akazoo agrees to pay $38.8 million to settle charges that it defrauded investors both before and after it went public through a SPAC merger.

By Matthew Heller | October 28, 2021

Warner Music Pitches IPO on Streaming Surge

Warner Music Pitches IPO on Streaming Surge

The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”

By Matthew Heller | February 7, 2020

Spotify Shares Gain 14% on Surprise Q3 Profit

Financial Performance

Spotify Shares Gain 14% on Surprise Q3 Profit

The quarter also beat the company's expectations for subscriber growth, gross margins and operating profit.

By Matthew Heller | October 28, 2019

SiriusXM Adds Pandora to Music Box for $3.5B

SiriusXM Adds Pandora to Music Box for $3.5B

The deal for the music-streaming service "represents an exciting next step in our efforts to expand our reach out of the car even further," SiriusXM says.

By Matthew Heller | September 25, 2018

Spotify Kicks off Direct Listing With ‘Good Day’

Spotify Kicks off Direct Listing With ‘Good Day’

The music-streaming service's stock closes 13% above the reference price on its first day of trading.

By Matthew Heller | April 3, 2018

Spotify Files for IPO Through Direct Listing

Spotify Files for IPO Through Direct Listing

The music-streaming service warns that "an active, liquid, and orderly trading market" for its shares "may not initially develop or be sustained.”

By Matthew Heller | March 1, 2018

Spotify Records Widening Losses

Corporate Finance

Spotify Records Widening Losses

The music streaming company is said to be considering a direct listing on the NYSE within the year.

By William Sprouse | June 15, 2017

Sirius Eyes Streaming With Pandora Investment

Sirius Eyes Streaming With Pandora Investment

The satellite radio leader will invest $480 million in Pandora as the music-streaming service moves into direct competition with Apple Music and Spotify.

By Matthew Heller | June 9, 2017

Pandora in Tune with Music Streaming’s Future

Pandora in Tune with Music Streaming’s Future

Pandora CFO Mike Herring isn’t worried about competing music-streaming services, like Apple's. In fact, he says, he welcomes them.

By Alissa Ponchione | October 25, 2013