StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    SpaceX is simply the tip of the iceberg for Scottish Mortgage shares
    SpaceX is simply the tip of the iceberg for Scottish Mortgage shares
    4 Min Read
    AI energy surge sparks political revolt towards utility income
    AI energy surge sparks political revolt towards utility income
    0 Min Read
    IAEA says UAE radiation ranges regular after drone strike
    IAEA says UAE radiation ranges regular after drone strike
    2 Min Read
    Palestinian chief’s son wins function in Abbas’ social gathering, official says
    Palestinian chief’s son wins function in Abbas’ social gathering, official says
    0 Min Read
    How UK traders can achieve entry to Anthropic by way of the Nasdaq at this time (for lower than 0)
    How UK traders can achieve entry to Anthropic by way of the Nasdaq at this time (for lower than $100)
    4 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    Karnataka Liquor Value Revised; New Charges of Whisky, Rum, Vodka & Different Alcohols in Bengaluru After 7-Slab AIB System; Royal Stag, Imperial Blue, Outdated Monk, Smirnoff, Blender’s Pleasure and Different Common Manufacturers
    Karnataka Liquor Value Revised; New Charges of Whisky, Rum, Vodka & Different Alcohols in Bengaluru After 7-Slab AIB System; Royal Stag, Imperial Blue, Outdated Monk, Smirnoff, Blender’s Pleasure and Different Common Manufacturers
    5 Min Read
    Delhi Authorities Slashes Aviation Gas VAT to 7% for Six Months; Airways to Save on Working Prices
    Delhi Authorities Slashes Aviation Gas VAT to 7% for Six Months; Airways to Save on Working Prices
    3 Min Read
    Nagaland State Lottery Sambad Outcome At present, 17-5-2026 LIVE: Expensive 1 PM, 6PM & 8PM Sunday Weekly Fortunate Draw Winners Checklist For Rs 1 Crore Prize
    Nagaland State Lottery Sambad Outcome At present, 17-5-2026 LIVE: Expensive 1 PM, 6PM & 8PM Sunday Weekly Fortunate Draw Winners Checklist For Rs 1 Crore Prize
    5 Min Read
    CNG Worth Hike for Second Time in Simply 2 Days in Delhi-NCR; IGL Raises Charges by Rs 3/Kg: Metropolis-Smart CNG Costs in Noida, Gurugram, Ghaziabad, Faridabad, Meerut, Hapur & Others
    CNG Worth Hike for Second Time in Simply 2 Days in Delhi-NCR; IGL Raises Charges by Rs 3/Kg: Metropolis-Smart CNG Costs in Noida, Gurugram, Ghaziabad, Faridabad, Meerut, Hapur & Others
    6 Min Read
    Germany Pupil Visa for Indian College students 2026: Prices, Funds and Steps
    Germany Pupil Visa for Indian College students 2026: Prices, Funds and Steps
    3 Min Read
  • Market Analysis
    Market AnalysisShow More
    Wall St Week Forward-Nvidia, retailer experiences to shed gentle on AI growth, client spending
    Wall St Week Forward-Nvidia, retailer experiences to shed gentle on AI growth, client spending
    6 Min Read
    Vedanta vs Hindustan Zinc Steel Inventory Finest Dividend Inventory in 2026 Demerger MCap
    Vedanta vs Hindustan Zinc Steel Inventory Finest Dividend Inventory in 2026 Demerger MCap
    4 Min Read
    Silver price as we speak: How are govt restrictions prone to affect silver costs?
    Silver price as we speak: How are govt restrictions prone to affect silver costs?
    5 Min Read
    Bengaluru Climate Alert! IMD Points Yellow Alert; Rainfall In Karnataka Capital For Subsequent 4-5 Days | Examine Particulars
    Bengaluru Climate Alert! IMD Points Yellow Alert; Rainfall In Karnataka Capital For Subsequent 4-5 Days | Examine Particulars
    4 Min Read
    Mcap of 9 of prime 10 valued corporations erodes by ₹3.12 lakh crore; Reliance largest laggard
    Mcap of 9 of prime 10 valued corporations erodes by ₹3.12 lakh crore; Reliance largest laggard
    2 Min Read
  • Trading
    TradingShow More
    Chamath Palihapitiya Says Taiwan Loses Strategic Significance In 18 Months: ‘We Are In all probability One To Two Nan
    Chamath Palihapitiya Says Taiwan Loses Strategic Significance In 18 Months: ‘We Are In all probability One To Two Nan
    1 Min Read
    SpaceX IPO Valuation Might Hit  Trillion, Scott Bessent Predicts Disinflation After Sizzling Inflation Print
    SpaceX IPO Valuation Might Hit $5 Trillion, Scott Bessent Predicts Disinflation After Sizzling Inflation Print
    3 Min Read
    Adam Schiff ‘This Is Simply The Most Corrupt Regime In US Historical past’ Amid Reported  Billion IRS Deal
    Adam Schiff ‘This Is Simply The Most Corrupt Regime In US Historical past’ Amid Reported $10 Billion IRS Deal
    3 Min Read
    Nvidia, Cisco, Virgin Galactic — And Inflation Fears Rattle Buyers Benzinga
    Nvidia, Cisco, Virgin Galactic — And Inflation Fears Rattle Buyers Benzinga
    5 Min Read
    OpenAI Merges ChatGPT And Codex, Faucets Greg Brockman To Lead Product Technique Forward Of Potential IPO: Repo
    OpenAI Merges ChatGPT And Codex, Faucets Greg Brockman To Lead Product Technique Forward Of Potential IPO: Repo
    1 Min Read
Reading: Spotify Fires Again At Drake: Calls ‘Artificially Inflated Streams’ Allegation Over Kendrick Lamar’s Hit Unfounded – Spotify Know-how (NYSE:SPOT), Common Music Group (OTC:UMGNF)
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Trading > Spotify Fires Again At Drake: Calls ‘Artificially Inflated Streams’ Allegation Over Kendrick Lamar’s Hit Unfounded – Spotify Know-how (NYSE:SPOT), Common Music Group (OTC:UMGNF)
Trading

Spotify Fires Again At Drake: Calls ‘Artificially Inflated Streams’ Allegation Over Kendrick Lamar’s Hit Unfounded – Spotify Know-how (NYSE:SPOT), Common Music Group (OTC:UMGNF)

StockWaves By StockWaves Last updated: December 21, 2024 3 Min Read
Spotify Fires Again At Drake: Calls ‘Artificially Inflated Streams’ Allegation Over Kendrick Lamar’s Hit Unfounded – Spotify Know-how (NYSE:SPOT), Common Music Group (OTC:UMGNF)
SHARE



Spotify Know-how SA SPOT has strongly denied allegations from Drake that it “artificially inflated” streaming numbers for rival artist Kendrick Lamar’s observe “Not Like Us.”

What Occurred: In opposition papers filed, Spotify said it “has no financial incentive” to favor Lamar’s observe over Drake’s music, reported Selection.

“Marquee was bought on behalf of the tune, for €500 to advertise the observe in France. Marquee is a visible advert that’s disclosed to customers as a Sponsored Advice,” said a Spotify spokesperson.

See Additionally: Spotify’s AI Playlist Now Accessible In US, Different Nations: Right here’s How It Works

Drake’s firm Frozen Moments had beforehand filed a petition claiming that Spotify and Common Music Group UMGNF artificially boosted Lamar’s streaming numbers.

The petition alleged UMG provided Spotify a 30% low cost on licensing charges in alternate for selling “Not Like Us,” a declare each firms deny.

Earlier, Common Music Group rejected the accusations as “offensive and unfaithful,” underscoring their dedication to moral advertising practices. A UMG spokesperson said that fan alternative, not manipulation, drives streaming numbers.

Drake’s authorized staff responded by means of a press release to Selection, difficult each firms to adjust to discovery requests if they’ve “nothing to cover.”

Why It Issues: The dispute has expanded past streaming numbers, with Drake submitting a separate motion in Texas alleging defamation and improper radio promotion practices.

Neither artist is straight signed to UMG, as an alternative licensing their music by means of their very own firms – Drake’s OVO and Lamar’s pgLang – to Common labels for advertising and distribution.

Sources conversant in the matter recommend that Drake’s petition primarily targets Common — the label liable for distributing his music since his 2009 debut with Lil Wayne’s Younger Cash — somewhat than Spotify, iHeart, or Lamar himself, the report famous.

Nonetheless, the timing of the authorized motion, revolving round a tune tied to the extended feud between the 2 artists, appears removed from coincidental.

“Not Like Us” stands out as a diss observe that not solely climbed to the highest of the Billboard Sizzling 100 but additionally secured a number of nominations for the 2025 Grammy Awards.

Value Motion: Spotify’s inventory rose by 1.48% on Friday, closing at $460.88. 12 months-to-date, the corporate’s shares have skyrocketed 144.11%, considerably outperforming the Nasdaq 100 index, which has gained 28.68% throughout the identical timeframe, in line with Benzinga Professional information.

Learn Subsequent:

Disclaimer: This content material was partially produced with the assistance of Benzinga Neuro and was reviewed and printed by Benzinga editors.

Photograph courtesy: Shutterstock

Market Information and Knowledge dropped at you by Benzinga APIs

© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article Social Media Evolution: How It Reworked Communication And Future Developments Social Media Evolution: How It Reworked Communication And Future Developments
Next Article 3 months EMI Moratorium profit – Why you must NOT decide? 3 months EMI Moratorium profit – Why you must NOT decide?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
How Sahil Verma Steers Shray Initiatives to New Heights
How Sahil Verma Steers Shray Initiatives to New Heights
May 17, 2026
Forward of Market: 10 issues that may resolve D-Road motion on Monday
Forward of Market: 10 issues that may resolve D-Road motion on Monday
May 17, 2026
SpaceX is simply the tip of the iceberg for Scottish Mortgage shares
SpaceX is simply the tip of the iceberg for Scottish Mortgage shares
May 17, 2026
An NFT Investor Allegedly Misplaced Punks NFTs Value +M In A Hack
An NFT Investor Allegedly Misplaced Punks NFTs Value +$1M In A Hack
May 17, 2026
Tremendous productiveness hacks: How you can flip my smartphone into my Second Mind; I requested ChatGPT, AI devises detailed plan
Tremendous productiveness hacks: How you can flip my smartphone into my Second Mind; I requested ChatGPT, AI devises detailed plan
May 17, 2026

You Might Also Like

Recession? Not So Quick, Says IMF — Even After Trump Tariff Chaos Recession? Not So Quick, Says IMF — Even After Trump Tariff Chaos
Trading

Recession? Not So Quick, Says IMF — Even After Trump Tariff Chaos Recession? Not So Quick, Says IMF — Even After Trump Tariff Chaos

2 Min Read
Christine Lagarde Sounds Warning On Trump Tariffs: ‘Query Of Time’ Earlier than Customers Really feel Full Influence
Trading

Christine Lagarde Sounds Warning On Trump Tariffs: ‘Query Of Time’ Earlier than Customers Really feel Full Influence

4 Min Read
Elon Musk’s SpaceX Races To Construct Starlink Hubs In Vietnam Forward Of Trump’s Tariff Resolution: Report
Trading

Elon Musk’s SpaceX Races To Construct Starlink Hubs In Vietnam Forward Of Trump’s Tariff Resolution: Report

3 Min Read
00 Invested In Glaukos 5 Years In the past Would Be Price This A lot As we speak – Glaukos (NYSE:GKOS)
Trading

$1000 Invested In Glaukos 5 Years In the past Would Be Price This A lot As we speak – Glaukos (NYSE:GKOS)

1 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

How Sahil Verma Steers Shray Initiatives to New Heights
Forward of Market: 10 issues that may resolve D-Road motion on Monday
SpaceX is simply the tip of the iceberg for Scottish Mortgage shares

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up