The Zacks Analyst Blog Highlights: Spotify, Apple, Amazon, Sony And Tencent
Zacks Investment Research | Feb 10, 2020 10:41PM ET
For Immediate Release
Chicago, IL – February 11, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Spotify (NYSE:SPOT) , Apple (NASDAQ:AAPL) , Amazon (NASDAQ:AMZN) , Sony (NYSE:SNE) and Tencent Holding (OTC:TCEHY) .
Here are highlights from Monday’s Analyst Blog:
Warner Music Group Files for IPO Amid Music Streaming War
The world of music is digitalizing fast and is controlled today by music streaming services. The days of physical records and CDs dominating this auditory medium are now over. One would think that this would deteriorate record labels profitability, but, in actuality, this has been boosting toplines and expanding margins for those labels savvy enough to evolve with the industry. Warner Music Group is one such beneficiary and just filed documentation to go public on Thursday February 6th, under the proposed ticker: WMG.
While companies like Spotify, Apple Music, Amazon Music, YouTube Music and a slew of others storm the streaming space, record labels like Warner can sit back and enjoy the profits of this growing service. More and more people are subscribing to these services giving customers virtually every song available at their fingertips.
The music industry has been growing fast with streaming making up 80% of its annual revenue, according to Zacks Investment Research
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