MBW quizzes Coesfeld on BMG's strategic direction, music being 'undervalued' on streaming services, and why he believes the wider music industry must do better on fair payments
After announcing subscription price hikes in numerous markets outside the US earlier this month, Spotify now plans additional price hikes as it works towards sustained profitability. Spotify Co-President and Chief Business Officer Alex Norström told the Financial Times in a recent interview that price adjustments have become “part of our toolbox now” after maintaining flat … Continued
Lyric Capital is reportedly leading the talks, with The Weeknd already reaching out to other investors to assemble the financing package of up to $1 billion.