Kim Kardashian West and Thursday’s (June 18) news of a multi-year, multi-project with Warner Bros., Spotify’s share price jumped 23% to an all-time high of $228.16 in midday trading before closing at $225.28.Since Spotify announced its exclusive licensing deal with Joe Rogan for his podcast, The Joe Rogan Experience, on May 19, Spotify’s share price has soared 38.5% and lifted its market capitalization $12.41 billion from $30.02 billion to $42.43 billion.
At that valuation, Spotify’s market value is more than twice as much as Warner Music Group, the lone major music group traded on a stock exchange, at $19.24 billion on Thursday, and considerably higher than Universal Music Group’s $33.3 billion valuation based on Tencent’s investment in.
Read more on billboard.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.