This year’s Lollapalooza featured Sabrina Carpenter headlining the T-Mobile main stage on Sunday, with surprise guests Earth, Wind & Fire, and A$AP Rocky.
The company received equity investment from Citi, Deciens Capital, Mucker Capital, and Advantage Capital, with additional credit facilities provided by GMO
The decline in the streaming platform's subscriber base came as users acquired through business-to-business partnerships shrank 21.1% to 3.9 million in H1.
The service delivers 100 million licensed tracks from Universal Music Group, Sony Music Entertainment, Warner Music Group, and Merlin to 31 US markets.
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The tax probe comes amid a broader crackdown targeting 27 companies and individuals suspected of tax evasion totaling about 1 trillion South Korean won.