Warner Music Group Sells Its Entire Stake in Spotify

In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million. CEO Steve Cooper said that the sale resulted in $126 million “credited to artist accounts on their June 30 royalty statements which are issued around the world in August and September.”

Source: Warner Music Group Sells Its Entire Stake in Spotify

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