Wood didn't offer any public comment on why she was getting rid of this stock. 27 “at a 19-month low of $171.32/share.” The San Francisco Chronicle reported the company’s capitalization shrinkage was $4 million.Įven Cathie Wood got dragged into the story, with press reports on how she was dumping $14.5 million in Spotify stock during the unfolding story. 26-28 span following Young’s actions, noting that the stock closed on Jan.
Variety ran a story claiming “Spotify’s market capitalization fell about $2.1 billion” in the Jan. How Badly Did It Hurt? After Young had his music taken off Spotify, media reports began to percolate that the company was suddenly experiencing multi-billion-dollar losses. Thus, Mitchell’s week in the music industry spotlight was dimmed - although it appears she found a new source of illumination via Rogan - and that cannot hurt her sales of the second volume of her archival recordings she's now selling. 1: The Early Years (1963-1967)” but the ceremony slated for Jan. The songwriter was also nominated for Best Historical Album Grammy for “Joni Mitchell Archives, Vol. She was supposed to be in the spotlight as the honoree for the MusiCares Person of the Year all-star concert scheduled for Jan. With the new wave of publicity tied to Rogan, Young brought a fresh focus on his recent work that would never have occurred without the controversy.Īs for Mitchell, she had recently been honored at the annual Kennedy Center Honors in Washington, D.C. Despite generating appreciative reviews, Young’s work ultimately got lost in the holiday season shuffle, peaking at #6 on Billboard’s Top Rock Albums chart and #66 on the Billboard Top 200 chart before slipping downward. Second, Young’s latest album “Barn” was released last month, which was followed by an accompanying documentary directed by his wife, actress Daryl Hannah. In 2019, he threatened to have his music removed from the platform because he felt its sound quality was unsatisfactory. But a few things were overlooked with these actions.įirst, Young had a history of complaining about Spotify.
0 kommentar(er)
