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Spotify exceeds expectations – the stock surges

Spotify's share – already one of the year's winners on Wall Street – is surging upward after the streaming service's 2024 financial report. The company is setting records for profit and profitability – and is also exceeding expectations regarding the number of users.

Spotify exceeds expectations – the stock surges

Spotify slightly down in New York

Spotify's stock initially fell 3 percent on Wall Street but recovered later and after a few hours of trading, the stock was slightly down. Over the weekend, the streaming service announced that it had entered into a new multi-year distribution agreement with music giant Universal Music Group.

Spotify slightly down in New York

Spotify backs down after new major deal

Spotify's stock falls by 3 percent in the week's initial trading on Wall Street. This after the streaming service announced over the weekend that it has entered into a new multi-year distribution agreement with music giant Universal Music Group.

Spotify backs down after new major deal

Drake accuses Lamar's record label

The rapper Drake is accusing the record label Universal Music Group, UMG, and Spotify of illegally driving up the number of streams of Kendrick Lamar's Grammy-nominated hit song "Not like us". [Pitchfork](https://pitchfork.

Drake accuses Lamar's record label

Boost for Record Labels after New Forecast

Universal Music Group – the world's largest record company with artists such as Taylor Swift, Billie Eilish, and Ariana Grande – rises by nearly 4 percent on the Amsterdam Stock Exchange. The stock exchange gives a thumbs up for a new forecast at a capital market day in London.

Boost for Record Labels after New Forecast

Music Giants Sue AI Companies

Some of the world's largest record companies are suing AI firms Suno and Udio for copyright infringement, reports [BBC](https://www. bbc.

Music Giants Sue AI Companies