Senate Unanimously Passes Bill Aimed at Bytedance/TikTok IPO

Music Technology Policy

The massive infringer TikTok is planning on an IPO in the US in the near future. The nauseating Daniel Ek made something like a billion dollars in the last week on Spotify stock appreciation, while at the same time crying poor and fighting songwriter royalties every step of the way. If you think this example of income inequality is revolting, brace yourself for the China Evasion. But the U.S.

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Hombres Good and Bad: Why Did SEC Allow Cloudflare to IPO?

Music Technology Policy

Cloudflare describes itself in its IPO documents ( Form S-1 ): We have built a global cloud platform that delivers a broad range of network services to businesses of all sizes and in all geographies… What Cloudflare doesn’t tell you is that it is also the Internet provider of choice for a host (no pun intended) of unsavory and in some cases likely entirely illegal businesses that use its platform for bad stuff. Cloudflare Cloudflare IPO

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Spotify IPO Watch: Buy High, Sell Low — Music Tech Solutions

Music Technology Policy

If the Spotify “DPO” actually does trade at $132, it will probably be the highest valued IPO stock ever. Most IPOs have a restriction (called “lockup agreements”) on when employees can sell their shares to avoid a rush for the exits.). Typically, underwriters of an IPO are not allowed to short their IPO stock for 30 days or so. via Spotify IPO Watch: Buy High, Sell Low — Music Tech Solutions.

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Spotify IPO Watch: Making it Up on Volume or See SPOT Run

Music Technology Policy

It’s still early days for the Spotify public offering (more correctly called a “DPO” for “direct public offering” but since no one knows what that means, I used IPO in the headline). But look at this chart and ask yourself if this behavior bears any resemblance to what a “normal” underwritten IPO would behave like. By setting its IPO price at $165.90 Spotify IPOHeyIdiot.com is your ticket to this Silicon lined gravy train.

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The Slippery Slope of Censorship: @HuffPost Pulls Story Critical of @Spotify Ahead of IPO — The Trichordist

Music Technology Policy

Read the complete post on The Trichordist: The Slippery Slope of Censorship: @HuffPost Pulls Story Critical of @Spotify Ahead of IPO — The Trichordist. Spotify IPO Spotify Meltdown #irespectmusic Blake Morgan David Lowery The TrichordistArtists Rights advocate Blake Morgan (#IRespectMusic) published a story in the Huffington Post this morning critical of Spotify.

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Spotify IPO Watch: Blame ? Profit — Music Tech Solutions

Music Technology Policy

Until all those things change to one degree or another, it’s likely that the Spotify IPO myth will remain just that. via Spotify IPO Watch: Blame ≠ Profit — Music Tech Solutions. A combination of factors have gotten Spotify where it is now. Market conditions, bad management, arrogance, stiffing songwriters and getting too big, too fast. Spotify Spotify Class Action Uncategorized Spotify Convertible Debt

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Everlaw Investor Sees IPO on Company’s Horizon

Media Law

A lead investor in the $62 million funding round announced this week by Everlaw says he believes the company is on a path to go public, possibly within the next five years. Jesse Wedler , a partner in CapitalG , the independent growth fund of Google parent Alphabet Inc., and now a member of Everlaw’s board of directors, says his firm invested in Everlaw because it has a strong-enough business model that it will not be dependent on capital markets in the future. “We

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Spotify IPO Watch: Brexit’s Bubble Bursting Bang — Artist Rights Watch

Music Technology Policy

Right now I see no reason to think there is any likelihood that those trend lines will change direction for the frothy bubble in the markets that I think is a necessary condition for a Spotify IPO (or even a real unicorn like Uber). via Spotify IPO Watch: Brexit’s Bubble Bursting Bang — Artist Rights Watch

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Alternative Legal Service Company Axiom Prepares for IPO; Spins Off Two Companies

Media Law

Major news today regarding the alternative legal services provider Axiom : the company has taken steps to prepare for an initial public offering and, separately, has spun off two companies as separate entities. Axiom said today that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

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The AppFolio IPO and What It Means for MyCase and the Legal Cloud

Media Law

I cannot think of a major IPO in the legal industry in recent memory. The post The AppFolio IPO and What It Means for MyCase and the Legal Cloud appeared first on Robert Ambrogi's LawSites. Last June, AppFolio, the Goleta, Calif.-based based company that owns MyCase, the cloud-based practice-management platform, completed an initial public offering in which it raised some $74 million. So what does this mean for MyCase and what does it mean for the legal industry […].

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Spotify Gives “Corporate Royalty” a Whole New Meaning

Music Technology Policy

In fact, it may be the best thing that’s ever happened in his young life (right after hoodwinking the music business that led directly to his billions and life peerage): Daniel Ek Spotify Spotify IPO Spotify Meltdown Corporate Royalty Robert J.

@luluyilun: Tencent Music Seeks Pre-IPO Funds at $10 Billion Value [for Music Streaming App]

Music Technology Policy

Tencent Music Entertainment Group , controlled by China’s biggest social network operator, is seeking new funding at a $10 billion valuation ahead of an initial public offering, people familiar with the matter said. The operator of karaoke and Spotify-like streaming apps plans to sell about 3 percent of its shares to strategic partners, including record labels, one of the people said, asking not be identified as the details are private. Tencent Holdings Ltd.

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Should Jennifer Lawrence Have an IPO for Herself?

THR, Esq. Entertainment & Media Law Blog

San Francisco-based Fantex plots a trading exchange for real people, where shares of future revenue could give stars a big payday now; says one lawyer, "I can almost guarantee it''s going to happen" read more. The Business Culture THR, Esq. Will Smith Jennifer Lawrence THR Weekly Magazine Dustin Hoffman Business

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MTP Podcast: Spotify’s Direct Public Offering

Music Technology Policy

Chris Castle explains Spotify’s direct public offering (compared to a traditional IPO) and commentary on how the stock is performing (NOT investment advice). MTP Podcasts Spotify IPO Spotify Meltdown MTP Podcast Spotify IPO/DPOSpotify Case Study: Structuring and Executing a Direct Listing . MusicTech Solutions: Why Will Spotify’s Price Tank? Barrons: Spotify Stock Is Up This Year, but Analysts Say Don’t Get Too Excited.

@andreworlowski: Spotify wants to go public but can’t find Ed Sheeran (to pay him) — Artist Rights Watch

Music Technology Policy

Spotify Meltdown Ed Sheeran Mass NOIs Spotify Class Action Spotify IPOAndrew Orlowski asks why can’t Spotify find Ed Sheeran ? via @andreworlowski: Spotify wants to go public but can’t find Ed Sheeran (to pay him) — Artist Rights Watch.

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The Curious Timing of “Spotify Untold” the Corporate Bio Book

Music Technology Policy

Spotify IPO Spotify Meltdown Uncategorized Spotify UntoldYou may have seen the book reviews of “Spotify Untold” (or in Swedish ““Spotify Inifrån”) which is a corporate version of Joseph Campbell’s hero’s journey from The Hero With A Thousand Faces aka Star Wars ).

$20 Million a Month Daniel Ek Shows “Million a Month” Tim Westergren How It’s Done

Music Technology Policy

Music Modernization Act Spotify Class Action Spotify IPO Spotify Meltdown Uncategorized 20 Million A Month Danny Daniel EkRemember when we were all appalled that Pandora founder Tim Westergren was making $1,000,000 a month from selling Pandora stock while he was behind fighting songwriters in rate court for ASCAP and BMI royalties and stiffing artists with the Internet Radio Fairness Act and refusing to pay pre-72 artists? And then there was the 13 bathroom house in Marin.

Happy Monday: The MTP SPOTify Chart

Music Technology Policy

Spotify IPO Spotify Meltdown UncategorizedHappy Monday–here’s the Spotify chart update. Spotify is in it’s second downside breakout of the consensus trading range ($145-$132). Unless it retraces back over $132, it would appear that the next downside support level is $106 where the stock closed on 12/21/18. The company just had its second “death cross” in less than 6 months where the the 50 day moving average crosses the 100 day moving average to the downside.

@katenash: Royalty Deadbeat Snapchat Gets big billions for valuation, but has no licenses?

Music Technology Policy

Snapchat joins the leading Silicon Valley royalty deadbeats like Facebook with a big IPO filing but relying entirely on losing legal theories like the faux “DMCA license” that was a big loser for Cox Communications. dmca Uncategorized Snapchat IPOHi @Snapchat Do you pay ppl for the use of their work? Been off a record label now for 5 years. Is this legal? I should be paid PLS RETWEET pic.twitter.com/9qq9iKltFG. — Kate Nash (@katenash) February 17, 2017.

@musictechsolve: Is Spotify Stock Quietly Tanking?

Music Technology Policy

Spotify Spotify IPO Spotify Meltdown Spotify stockUPDATE: This post originally appeared on 9/24 in MusicTech.Solutions before reading that on 9/23 Wells Fargo initiated coverage of Spotify at “Underperform” with a $115 price target. (The The stock touched $115 during the trading day on 9/24). As of this writing, the consensus price target is $159 according to NASDAQ’s Marketbeat.

You Can’t Find What You Don’t Look For: @theDavidCrosby Gets Screwed Twice by Big Tech

Music Technology Policy

irespectmusic campaign Spotify IPO Spotify Meltdown Daniel Ek David CrosbyFrom Spotify’s F-1: “Spotify was founded on the belief that music is universal and that streaming is a more robust and seamless access model that benefits both artists and music fans.” ” Now bend over for that truly seemless access. David Crosby is one of the most influential musicians, songwriters, vocalists and performers of his generation.

@musicbizworld: Universal Commits to Sharing Stock Sale Proceeds with Artists

Music Technology Policy

Selling large blocks of shares in the public markets is always a tricky business, but Spotify may have made it exponentially more difficult given the “direct public offering” structure of its IPO (more properly called a “DPO”). irespectmusic campaign Uncategorized Spotify Spotify IPO UniversalAccording to Music Business Worldwide , Universal has committed to sharing profits from the sale of Spotify stock.

So Much for Conversion: Apple Set to Pass Spotify in Subscribers

Music Technology Policy

The hoorah Spotify boosters in the press add “paid” But when the cold hand of the Sarbanes-Oxley truth in public company reporting law comes into Spotify’s post-IPO life like it does Apple’s, that 70 million number may get clarified–a lot. Spotify IPO Anne Steele Apple Music Spotify subscribersRemember this one? Spotify was saving us all from piracy by giving the music for free in its ad supported tier.

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@songpreneurs: Why Is Tom Petty Suing Spotify and How Does This Relate to the Music Modernization Act? — Artist Rights Watch

Music Technology Policy

Music Modernization Act Spotify Class Action Spotify Meltdown Amanda Williams Spotify IPO Watch Spotify Litigation Wixen Music Publishing[Editor Charlie sez: Another songwriter group against the controversial Music Modernization Act! See the Songwriter’s Guild opposition letter here and read the legislation here.]. The end of 2017 and beginning of 2018 has seen a flurry of activity as headlines reveal another $1.6

How Shareholder Lawsuits Against Spotify May Have Just Gotten Easier

Music Technology Policy

Music Modernization Act Spotify IPO Shareholder Derivative Suites Spotify Class ActionThe Maginot Line. The Digital Media Association is as obsessed with crushing the ability of independent songwriters and small publishers to sue companies like Spotify for copyright infringement as the industry negotiators are with presenting a new safe harbor for infringers like it was a fantastic give in the Music Modernization Act.

Snap Interactive Wants Judge to Bar Snapchat from Changing Its Name to Snap Inc.

THR, Esq. Entertainment & Media Law Blog

A trademark lawsuit warns of irreperable harm from a potential IPO. read more. THR, Esq. The Business Tech Business THR Online

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The Pope vs. Intellectual Property Rights

JetLawBlog

In response, the Intellectual Property Owners Association has issued the following statement : “IPO and others are working to educate on the incentives that IP rights provide for advancing knowledge and creating jobs.&#.

Skype Facing Legal Troubles

JetLawBlog

In April of this year, eBay announced that it was spinning off Skype as a separate company in an IPO planned for early 2010. Skype has quickly become an Internet phenomenon, appealing to a broad variety of customers with its instant messaging, video chat, and phone services. (I

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Monday Morning Jetlawg

JetLawBlog

Tags: JETL constitution contracts courts criminal law entertainment financial government internet journalism lawsuits legislation social networking sports technology telecommunications Facebook Twitter sports betting Corzine Kaufman Abercrombie Phillies IPO

Up, Up and Away: The Spotify Balloon is a Cautionary Tale

Music Technology Policy

Already we see leaks to the tech press that Spotify is pushing off its IPO to next year while it pursues a “path to profitability” Now that’s a new one–the company has previously told investors a growth story like many other startups. Why is Spotify leaking this IPO information now? Was any serious person refreshing their news feed in anticipation of a Spotify IPO announcement? every six months that Spotify doesn’t IPO (capped at 10%).

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Here Come the SPOT Analysts

Music Technology Policy

Spotify IPO Uncategorized Spotify Stock AnalystsIt’s still very early days for stock analysts to reach a consensus about Spotify except for one thing–royalties are too damn high. We have, of course, heard this one before–remember Pandora? When Tim Westergren was cashing out his stock to the tune of $1 million a month and the company was wasting money hand over fist, the problem, you see, was those greedy artists and songwriters.

Chang named general counsel at DreamWorks Animation

THR, Esq. Entertainment & Media Law Blog

Chang has been with DreamWorks since 2002 and became head of litigation and technology law at DWA in 2004, when the company unveiled its IPO. By Jay A. Fernandez DreamWorks Animation has promoted Andrew Chang to general counsel. Katherine Kendrick, Tags: Staffing

@cloudflare CEO Calls for a Decider–When That Decider Is Cloudflare Employees

Music Technology Policy

But as we know from Cloudflare’s IPO, Cloudflare need only look within because the insiders have structured the company’s governance so there is clear responsibility–and it’s with Cloudflare employees. The horror stories about Cloudflare are starting to dribble out more frequently after its amended IPO filing with the SEC. Diogenes searched the world for an honest man, and Cloudflare is searching the world for a decider in chief to tell them what to do.

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What is an “Accredited Investor”? Why you should care.

Gordon P. Firemark

Since registration is a colossally time consuming and expensive process, it is best left to larger financing projects; those in the tens- or hundreds-of millions of dollars, such as the IPO’s we typically hear about and other transactions involving publicly-traded securities. Background. If you’re setting up financing for your next film, theatre, or new media production, and you’re planning to talk to potential investors, you need to know the rules.

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Tim Westergren’s Mask Is Slipping: Pandora’s Scorched Earth Attack on Songwriters

Music Technology Policy

Send in the Silicon Valley lawyers with the IPO checkbook to screw the songwriters whatever the cost. In fact, they would rather spend their IPO millions–gained by their one product, music–on something as idiotic as buying a radio station and take on the burden of FCC licensing (including the inevitable opposition to their license at the FCC) than pay songwriters fairly.

LawNext Episode 56: Mark Harris, Axiom Founder and Now Knowable CEO

Media Law

Last February, gearing up for a possible IPO, Axiom spun off its technology and managed services entities into two new companies: Knowable , which uses machine-learning technology to help companies better understand their contracts, and Axiom Managed Services (AMS), which offers people, processes and technology to provide outsourced legal help to companies.

Entertainment Law Update Podcast Episode 030 – The JOBS Act, Crowdfunding, and more

Gordon P. Firemark

Creates an IPO “on ramp” -. Call us with your feedback: (310) 243-6231. In this Episode: Crowdfunding after the JOBS Act becomes law. Viacom wins appellate round against YouTube. Magic Tricks – how to keep ‘em secret. Art Collector v. Artist? and more… Entertainment Law Update is brought to you by Clio, the best way to manage your practice online.

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The Plot Sickens: Spotify Dumps Victory Records Catalog After Victory Complains About Unlicensed Songs on Spotify

Music Technology Policy

This is what happens when you get between Daniel Ek and his IPO. It’s no accident that the logo for Tony Brummel’s Victory Records is a tough old bulldog. Tony is one of the great record men and it’s also no accident that Victory is standing up to Spotify for stiffing its artists and writers. When you hear all the label bashing from the MMF and Spotify I want you to remember this.

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What is Texas Pacific Group Up To with Pandora and Spotify? Something? Anything?

Music Technology Policy

Deezer turned to it after a busted IPO in France, and now both Pandora and Spotify went there. Music Tech Solutions. by Chris Castle. As I’ve noted a couple times, convertible debt financing is all the rage with digital music service these days. What’s attractive about debt? Different reasons depending on the company’s situation.

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What is Texas Pacific Group Up To with Pandora and Spotify? Something? Anything?

Music Technology Policy

Deezer turned to it after a busted IPO in France, and now both Pandora and Spotify went there. Music Tech Solutions. by Chris Castle. As I’ve noted a couple times, convertible debt financing is all the rage with digital music service these days. What’s attractive about debt? Different reasons depending on the company’s situation.

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Guest Post by @Volker_Rieck: CLOUDFLARE: THE BAD, THE WORSE AND THE UGLY?

Music Technology Policy

How else–you find some sleaze bags to underwrite an IPO so they can shovel some money their way, too. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 The IPO will be led by investment bank Goldman Sachs, said the sources, who asked not to be named because the matter is confidential. Exact timing of the IPO has not been finalized, the sources added.

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Pandora Announces Old Testament Branding: Let There Be Money…uh…Music!

Music Technology Policy

This rebranding was launched the same week that Pandora raised another $450 million in their second IPO. Spoken like a compulsory licensee– according to FMQB : Pandora has announced a new brand identity, using the slogan “Let There Be Music,” which the digital service says will reflect “ the company’s mission to cultivate a better musical future for artists and listeners alike.” ” Whether the artists like it or not.

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Former Gartner Executive Named CEO of ALSP Axiom

Media Law

Later, Axiom abandoned plans for the IPO and instead said it had entered into an agreement with private equity firm Permira under which a company backed by Permira would take a significant investment in Axiom.