This stock sale would have banked anywhere between $1.29 billion and $1.81 billion for Tiger.Ĭoming in relatively late to the five-percent-plus Spotify stock ownership club in 2019 were Morgan Stanley and T. hedge fund manager Tiger Global - dumped 11.5 million Spotify shares in 2019, taking its stake from 6.6 percent down to just 0.1 percent. One key revelation from the filings: Tiger Global Private Investment Partners - an offshoot of U.S. Therefore, they tell us a lot about those who bought chunks of Spotify in the past calendar year, and those who cashed in their stock. The SEC docs revealing these details ( SC-13G filings ) are designed to show which parties owned more than five percent of Spotify at the end of 2019 - but they also show the holdings of those who used to own five percent. But the truth is, according to a flurry of new SEC filings I’ve scoured in the past month, at the close of 2019, more than a third of the streaming firm was actually owned by institutional investors such as Morgan Stanley - with each of these commercial giants holding stakes of more than five percent each. Reading these observations about Spotify, which went public on the NYSE in 2018, might conjure visions of millions of amateur investors gritting their teeth as their bet on audio streaming’s biggest company shows signs of paying off … and then not paying off … and then paying off again. That market cap recovered, at year end, to $27.57 billion ($149.55 per share, December 31st). Last year saw Spotify’s public valuation on the New York Stock Exchange rise as high as $28.34 billion ($157.66 per share on August 8th) but sink as low as $19.65 billion ( $112.52 per share, October 1st) during a tempestuous third quarter. The new album is scheduled to release on February 22, so only time will tell whether music's loudest self-proclaimed Jeen-yuhs sticks to his guns.Long-term investors in Spotify required nerves of steel in 2019. It remains to be seen how effective Ye's latest stunt will prove at prompting sales of his Stem Player, but anyone reading between the lines may simply opt to play the long game and wait for Donda 2 to drop online, instead. “Kanye is a marketing god for building all this attention right before his documentary and Donda 2,” one user wrote. It seems his fans have cottoned on to the strategy, too. While the album will almost certainly debut exclusively on West’s Stem Player, we don’t anticipate the artist will keep his new music behind such a huge paywall for too long. It wouldn't be misguided, then, to expect the same with Donda 2. In 2016, The Life Of Pablo was released with the caveat that it would be permanently exclusive to Jay-Z’s streaming service, Tidal, but it remained so for just two months before West opted to make the album available on other platforms like Spotify and Apple Music.
The artist is known for making bold claims prior to releasing new music, and this isn’t the first time West has declared that one of his albums would remain exclusive to a single platform. If you ask us, though, West’s announcement appears to be simply another marketing ploy to drum up publicity for both his upcoming album and his Netflix documentary, Jeen-yuhs: A Kanye Trilogy (the first part of which released on February 16). Another user wrote “And just like that I'm not listening.” Another marketing masterclass?
#Who owns spotify kanye west free#
“It’s time to free music, so buy this product or else you can’t listen to my album,” reads one pithy comment underneath West’s Instagram post. While many appreciate the need for industry-wide change when it comes to artists being paid a fair commission for their work, West’s solution requires that everyday listeners fork out a considerable sum of money for access to a single album. Unsurprisingly, the news that Donda 2 won't be coming to streaming services has caused a stir among fans.
#Who owns spotify kanye west portable#
West hasn't disclosed how many of the portable devices he's sold so far, but in a follow-up post he said "We currently have 67,000 available and are making 3,000 a day," which suggests he anticipates a surge in demand following his latest album announcement.
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