Live Nation shares reached an all-time high this week, and Spotify took back the losses that followed its Q2 earnings results.
The company’s stock price jumped 25% on Tuesday (Aug. 12) following quarterly results.
The radio company's digital business, which includes podcasts, was up 16% while its broadcast segment fell 4%.
The lawsuit claims iHeart waited four months before warning subscribers last week, exposing them to identity theft risks that will last "their respective lifetimes.”
Labels, live businesses and streaming companies’ stocks are mostly living up to music’s reputation as a sturdy investment option in down times. Radio is another story.
Also this week: Virgin hires an evp of global partner relations, BMG combines two crucial teams and SharpTone has a new head of label.
David Guetta, Meghan Trainor, NMIXX, xikers, Hearts2Hearts & A2O MAY are also set to perform at the festival, returning for the first time in three years.
iHeartMedia shares had slipped nearly 28% since the company announced its fourth-quarter earnings on Feb. 27.
Jack O’Brien and Miles Gray of The Daily Zeitgeist podcast will host the March 10 show.
Before there was Live Nation, the merger between SFX and Clear Channel changed touring for everyone: "It was probably the biggest impact in the industry since the Beatles."
