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Layoffs, Licensing and More: 5 Things to Watch for in Upcoming Earnings Reports
Next week’s earnings releases include Spotify (Feb. 6), Reservoir Media (Feb. 7) and Warner Music Group (Feb. 8).
TikTok and WMG reached an agreement in July 2023, but investors may want progress reports from other public companies — Reservoir Media, Believe, Sony Music — about their licensing talks. UMG CEO Lucian Grainge ’s letter to staff in January said the company will focus on “strengthening the artist-fan relationship through superfan experiences and products.” Drip, a platform that allowed artists to provide fans with music and other items for a recurring monthly fee, lasted from 2011 to 2016 (it relaunched a Kickstarter in 2017 but shut down in 2018).
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