At an investor presentation in London, founder Merck Mercuriadis said the company’s current share price “fundamentally undervalues the company.”
The company’s shares have lost 34% of their value so far this year and are trading well below company's operative net asset value.
The Artist's Rights Symposium hosted conversations about championing creators, addressing metadata inaccuracies and rate setting around the world.
Investors bet Apple's move will trigger higher prices for streaming industry-wide.